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LOCKDOWN IMPACT ON MSMES
50% of micro firms had no coping strategies, 40% denied loans during pandemicThe study conducted over 2020 and 2021 in two rounds, each across 1955 micro businesses, pointed out that over 50% of enterprises reported ...- MSME Day 2022: The architecture for India’s stronger, equitable economic growthBuilding resilience is the key as we enter a phase where we suffer from the pandemic’s knock-on effects on talent, supply chains, food, inf...
- MSMEs bounced back stronger since onset of COVID-19 pandemic: StudyThe report is based on a comprehensive assessment of over 40,000 MSMEs from 25 cities across 88 industries analysed by the company from Mar...
- Four out of 10 MSMEs changed their business models to survive Covid: ReportWhen asked about the support received from government schemes and incentives, 50% of the respondents said that the schemes did not help the...
- Delta-wary MSMEs brace for Omicron impactThe coronavirus pandemic has crippled small businesses and sucked out liquidity from the ecosystem. But the discovery of another variant sh...
- Parliamentary panel calls for fresh package to help MSMEsThe panel has recommended that the government should immediately come out with a larger economic package “aimed at bolstering demand, inves...
- 59% of startups and MSMEs may shut shop, sell off or scale down: SurveyThe second Covid wave has hit the MSMEs hard. Most of the companies have witnessed their working capital being hit as sales crashed.
- Govt should allow MSMEs to do home delivery to help sustain livelihood: FISMEIt said India is home to about 6.3 crore micro, small and medium enterprises (MSMEs) which form the backbone of the economy and the second ...
- How MSMEs will fare during the second Covid waveThere will be a slight increase in the delinquencies in Q1 depending on how long it will go on, says Rajesh Sharma.
- Bajaj Auto MD questions need for another lockdown, says time for industry bodies to speak upBajaj asked if 95% of the cases are asymptomatic or mildly symptomatic, then what is the need to impose a lockdown on 130 million people of...
- Latest round of Covid restrictions has lenders fretting over rising defaultsYesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays...
- What MSMEs expect from Budget 2021 to put behind the COVID-19 affectWith fintech and digital payments becoming more accepted, the government could announce some support for creating a digital payments framew...
- Signs of greenshoots: India's electricity output recovers further in first half of JulyIndustries and offices account for over half of India's annual power use. While power use has picked up from previous months when India was...
- CII poll finds Rs 1,819 crore of unpaid dues to MSME membersThe sample CII poll showed that about 32 per cent of the outstanding to MSMEs have been delayed for more than 2 years and about Rs 895 cror...
- Second coronavirus stimulus could be unveiled this weekThe first part of the package targeted at MSMEs and migrants could come early this week, the official said. A package for services, one of ...
- Cash flows for companies dry up due to lockdownSome companies are struggling to pay salaries to employees, while some are looking at winding up operations rather than continue with an un...
- HAPPY launches Lockdown Loans for MSMEsHAPPY interacted with nearly 300 MSMEs via a survey to understand their sentiments and painpoints before designing the new feature.
- We can’t be guided only by the response of other countries: Nitin GadkariNitin Gadkari is shaping the government’s response to distress in the MSME sector as a consequence of the lockdown prompted by the Covid-19...
- Revise, upgrade schemes to help MSMEs battled Covid-19: GadkariIn a review meeting held by the minister on MSMEs after the country went into a 21-days’ lockdown for battling the Covid-19 outbreak, Gadka...
- A quarter of MSMEs may shut shop if the lockdown persists19% to 43% of the MSMEs may disappear if the crisis persists 4 or 8 weeks.
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