'Govt to soon decide on Sinha panel report on MSME sector'

New Delhi: The government will soon take a call on the recommendations of U K Sinha committee to strengthen micro, small and medium enterprises sector, Union Minister Nitin Gadkari said on Thursday.

The committee set up by the RBI under the former Sebi chief among other things had recommended creation of distressed asset fund with a corpus of Rs 5,000 crore, insurance coverage to employees of MSMEs on the lines of Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) schemes, and cash flow-based lending.