a) whether the Government has any scheme or action plan to protect sick Public Sector Undertakings (PSUs) and for revival/ rejuvenation of PSUs/industrial units which have been closed down;
(b) if so, the details thereof indicating the details of the PSUs/industrial units where revival plan is being implemented, State and location-wise; and
(c) the action taken/being taken by the Government to provide means of livelihood to the workers employed in the sick/closed down PSUs?
THE MINISTER OF STATE FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES
(SHRI BABUL SUPRIYO)
(a) & (b): Department of Public Enterprises (DPE) has issued guidelines for revival and restructuring of sick/ incipient sick and weak Central Public Sector Enterprises (CPSEs) on 29.10.2015 to be followed and implemented by the administrative Ministries /Departments for revival/ restructuring or closure of CPSEs under their administrative control.
Further, as the CPSEs function under the administrative control of concerned Ministries/ Departments, all matters relating to revival/ rejuvenation of closed CPSEs/ units of CPSEs are dealt by the concerned administrative Ministry/ Department on a case-to-case basis.
(c): The interest of the employees is kept in view by the administrative Ministry/ Department while formulating revival/ restructuring/ closure plans which include provision of Voluntary Retirement Scheme (VRS)/ Voluntary Separation Scheme (VSS) as per extant DPE’s guidelines. The revised guidelines for time bound closure of sick /loss making CPSEs issued by DPE on 14.6.2018, inter alia, provide for payment of VRS/VSS at 2007 notional pay scale to employees of CPSEs under closure irrespective of the existing pay scales of the company.
The Counselling, Retraining & Redeployment (CRR) Scheme of the Government provides opportunity of self/wage employment to the employees or their dependents separated under VRS/ VSS due to closure/restructuring of the CPSEs. The Scheme aims at providing short duration skill / entrepreneurship development training programmes to equip the beneficiaries for self/ wage employment.