SMBSTORYNov 24, 2021Government schemes to help MSMEs tide over COVID-19 woesIndia’s 63 million MSMEs contribute to 30 percent of the GDP and employ more than 100 million workers. These numbers underline the importance of MSME for the economy and the government, especially during the COVID-19 pandemic.The current concerns of MSMEs in India and across the globe emerge from the volatile and sluggish market conditions the global and individual economies are going through.These woes mainly are — cash flow crunch, demand downturn, and dip in profitability — which will adversely affect the sustainability and growth of micro, small, and medium enterprises (MSMEs). Read more at SMBSTORY
India’s 63 million MSMEs contribute to 30 percent of the GDP and employ more than 100 million workers. These numbers underline the importance of MSME for the economy and the government, especially during the COVID-19 pandemic.The current concerns of MSMEs in India and across the globe emerge from the volatile and sluggish market conditions the global and individual economies are going through.These woes mainly are — cash flow crunch, demand downturn, and dip in profitability — which will adversely affect the sustainability and growth of micro, small, and medium enterprises (MSMEs). Read more at SMBSTORY
