Rajeev Chandrasekhar's official website - Member of Parliament

Government of India

Ministry of Finance

Department of Financial Services

 

RAJYA SABHA

UNSTARRED QUESTION No. 2292

TO BE ANSWERED ON 7TH AUGUST 2018 / SHRAVANA 16, 1940 (SAKA)

 

NPAs DUE TO STALLED INFRASTRUCTURE PROJECTS

                

 

2292: SHRI RAJEEV CHANDRASEKHAR:         

 

Will the Minister of FINANCE be pleased to state:

 

(a)  the amount and percentage of Gross Non-Performing Assets (GNPAs) in Banks due to delayed or stalled infrastructure projects; and

 

(b)  the steps taken by Government to expedite the delayed projects?

 

 

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE

(SHRI SHIV PRATAP SHUKLA)

 

(a)   As per the provisional data available with Reserve Bank of India (RBI), at the end of Financial Year 2017-18, amount and percentage of Gross Non-Performing Assets (GNPAs) in Banks in “Industry-Infrastructure” sector was Rs. 2,00,743 crore and 18.89% respectively.

 

(b)   Government has taken various steps to expedite delayed projects. These, inter-alia, include setting up of Project Monitoring Group (PMG) for fast tracking approvals for projects, Sector-specific Inter-Ministerial Groups (IMGs) for addressing systemic issues affecting viability and repayment capacity of projects, One Time Fund Infusion (OTFI) for completion of delayed/ languishing road projects, release of 75% of arbitral award amount against bank guarantees for revival of construction sector etc. In addition, enactment of Insolvency & Bankruptcy Code, 2016 (IBC) has created unified framework that has enabled transparent and time-bound resolution of high value stressed assets including delayed/ stalled projects.

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