Downing the shutters, again for MSME
SECTIONS
Share
Synopsis
Local lockdowns, delayed payments and rising costs have hurled MSMEs into another cycle of financial stress. Will they survive the second Covid shock?
MSMEs operating in sectors such as hospitality, mobility services, offline retail, entertainment & leisure, tourism and aviation-related businesses are in dire straits.
A swinging rooster, placed near the cash counter, is casually nudged into motion as Mayur Gowda starts speaking about Covid-19 and its impact on the traditional wooden-toy industry in Channapatna, a small town along the Bengaluru-Mysuru highway. The bright red-and-yellow wooden plaything, hand-carved in the shape of a murga, keeps nodding its head in agreement while the 25-year-old talks about the devastation all around, of how the toys have fallen silent.