Who is eligible for this payment facility?

This facility is exclusively for enterprises that have been formally declared as 'Sick' by the competent authorities in Chhattisgarh.

What kind of dues can be paid through this facility?

The facility covers the principal amount of outstanding dues, along with all associated penalties, interest, and surcharges.

What are the available repayment options?

Enterprises can choose to pay their outstanding dues in either 36 equal monthly instalments or 12 equal quarterly instalments.

Does this facility provide new funding?

No, this facility does not provide new funding or a grant. It is a mechanism to restructure the repayment of existing outstanding dues, offering flexibility and financial relief.

How does this help a sick enterprise?

By allowing repayments over a longer period, it significantly reduces immediate financial burden, improves cash flow management, and provides an opportunity for the enterprise to recover and return to profitability.

Where can I find more details on the application process?

Further details regarding the application process can be found in the comprehensive Chhattisgarh Industrial Development Policy 2024-30 document, available on the Invest Chhattisgarh website.

Chhattisgarh Payment Facility for Sick Enterprises (2026)

The Payment Facility for Outstanding Dues is a crucial component of the Chhattisgarh Industrial Development Policy 2024-30, specifically designed to support enterprises that have been formally declared as 'sick'. This initiative by the Government of Chhattisgarh aims to provide a lifeline to struggling businesses by offering a structured and flexible payment plan for their accumulated outstanding dues. Recognizing that unforeseen economic challenges, market shifts, or operational issues can lead businesses into financial distress, this facility prevents immediate liquidation or severe penalties. It allows these enterprises to stabilize their financial health, manage their cash flow more effectively, and focus on recovery and sustainable growth, rather than being overwhelmed by immediate payment obligations. By restructuring the repayment of principal amounts, along with any associated penalties, interest, and surcharges, the policy fosters an environment conducive to business revival within the state, safeguarding employment and economic contribution.

The selection process for availing this payment facility hinges primarily on the formal declaration of an enterprise as 'Sick'. This status is typically determined by financial institutions or designated government bodies based on predefined criteria related to financial performance, net worth erosion, and inability to meet debt obligations. Once an enterprise is officially declared sick, its application for the payment facility under the Chhattisgarh Industrial Development Policy 2024-30 will be reviewed to ensure compliance with the policy's terms. The authorities will verify the outstanding dues and the eligibility status before approving the structured payment plan.

This facility offers significant financial relief by allowing declared sick enterprises to defer and systematically repay their outstanding dues. Beneficiaries can opt to pay the principal amount, along with all accrued penalties, interest, and surcharges, over a manageable period of 36 equal monthly instalments or 12 equal quarterly instalments. This structured repayment plan alleviates immediate financial pressure, providing critical breathing room for businesses to reorganize their operations, explore new revenue streams, and work towards financial stability without the burden of a lump-sum payment. It essentially acts as a financial restructuring tool, enabling a more predictable cash outflow and contributing to the overall recovery strategy of the enterprise.

Chhattisgarh Payment Facility for Sick Enterprises

Chhattisgarh Payment Facility for Sick Enterprises

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