Project Sashakt

  • Project Sashakt was proposed by a panel led by Punjab National Bank chairman Sunil Mehta to help consolidate stressed assets.
  • Under the project –
    • Bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 90 days.
    • For bad loans of ₹ 50-500 crore, banks will enter an inter-creditor agreement, authorizing the lead bank to implement a resolution plan in 180 days, or refer the asset to National Company Law Tribunal.
    • For loans above ₹ 500 crore, the panel recommended an independent Asset Management Company (AMC), supported by institutional funding through the Alternative Investment Fund (AIF).

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