'SASHAKT' is a program launched by the Government of India in July 2018-

The correct answer is for the resolution of stressed assets with PSU Banks.

Important Points

• ‘Project Sashakt’ is a five-prong strategy to deal with non-performing assets.
• It was proposed by a panel led by PNB chairman Sunil Mehta.
• It was launched by the Government of India in July 2018 with an aim to resolve the problem of stressed assets with public-sector banks.
• It aims to strengthen the credit capacity, credit culture, and credit portfolio of public sector banks.
• Bad loans of up to ₹ 50 crores 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 NCLT.
• For loans above ₹ 500 crores, the panel recom­mended an independent AMC, supported by institutional funding through the AIF.