Ques: Which of the following statements best k describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news?
Option 1: It is a procedure for considering ecological costs of developmental schemes formulated by the Government.
Option 2: It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.
Option 3: It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.
Option 4: It is an important provision in ‘The Insolvency and Bankruptcy Code’ recently implemented by the Government.