International Journal of Research in IT and Management
Year : 2014, Volume : 4, Issue : 1
First page : ( 49) Last page : ( 60)
Online ISSN : 2231-4334.

Industrial sickness and role of board of industrial and financial reconstruction (BIFR)

Kumari Parveen

Assistant Professor, Department of Management, Indus School of Business Management

Online published on 5 June, 2014.

Abstract

Industrial sickness is the key event of modern industrial age; and incidence of sickness has been growing in such large proportions that in the wake of industrial development, a large number of new units (covering all typed of units in small, medium and large sectors) have been added in this category. The rapid growth and magnitude to industrial sickness is pugging issue not only for present time but also for all time to come; especially for India during the next century. It has become a matter of grave concern for all; concerned directly or indirectly as not only, crores of rupees blocked up in several of sick units but also affected the national growth. Industrial sickness is growing at an annual rate of about 28% and 13% respectively in terms of number of units and outstanding number of bank credit. It is reckoned that as of today there are more than 2 lakhs sick units with an outstanding bank credit of over Rs 7000 crore nearly 29000 units are added to sick list every year. This paper covers the study of industrial sickness and role of BIFR to control that sickness.

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Keywords

Industry, Sick units, Sickness, BIFR, Large and Small-Scale Industries.

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