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Which of the following statements best describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news?

Miscellaneous 2017

Options

It is a procedure for considering ecological costs of developmental schemes formulated by the Government.

It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.

It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.

It is an important provision in ‘The Insolvency and Bankruptcy Code’ recently implemented by the Government.