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MSMEs need many therapies to recuperate
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Tweaking the new definition of MSMEs and enhancing cost competitiveness will help them tide over the pandemic impact
The Covid-19 pandemic had a deep impact on MSMEs (micro, small and medium enterprises). Most small units faced the challenge of keeping their financial wheels turning during the lockdown period with business activity almost coming to a halt, weak demand and low consumer confidence.
Apart from these issues, the country’s supply chain was massively disrupted.
Gradually, the proactive measures undertaken by the government in the last 8-9 months, which included a economic relief package of around ₹30-lakh crore, began to yield results. In May 2020, the MSME Ministry also launched the CHAMPIONS (Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength) portal, with the aim of assisting MSMEs march into the big league. ....

National Strength , Harmonious Application , Modern Processes , Prime Minster Narendra Modi , Finance Minister , Emergency Working Capital Facility , Self Reliance , தேசிய வலிமை , இணக்கமான விண்ணப்பம் , நவீன ப்ரோஸெஸஸ் , ப்ரைம் மினிஸ்டர் நரேந்திர மோடி , நிதி அமைச்சர் , அவசரம் வேலை மூலதனம் வசதி , சுய நம்பகத்தன்மை ,