68% start-ups, MSMEs didn't benefit from Centre's schemes in Covid year, shows survey

68% start-ups, MSMEs didn't benefit from Centre's COVID-19 schemes, claims survey
Funding remains major problem for startups and MSMEs, survey reveals; around 28 per cent listed raising funds or loans as top challenges in 2021, while another 25 per cent were worried about finding growth
Joe C Mathew | January 15, 2021 | Updated 13:46 IST
Only 21 per cent said they benefitted from the Centre's schemes
A clutch of MSME (Micro, Small & Medium Enterprises) and startup schemes of the Centre, which were meant to help them tide over Covid-19 crisis may not have helped, an online poll by community social media platform LocalCircles says.
LocalCircles' annual 'Pulse of the startups and Micro Small & Medium Enterprises (MSMEs)s' survey finds that 68 per cent respondents did not benefit from the government's MSME and startup-centric schemes like Startup India, MSME Samadhan, no or low interest loans, Make in India, Atmanirbhar Bharat, etc, in the past 12 months.

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