Impact of Lockdown during Covid-19 on MSME sector : A review

Authors

  • Disha

Keywords:

Covid-19, MSME, Lockdown

Abstract

Lockdown was the only option to stem the spread of the Corona Virus after millions of lives were affected by the virus. According to a poll conducted by the All-India Manufacturers' Organization, 35 percent of micro, small, and medium firms and 37 percent of self-employed persons have begun closing down their operations because they see little hope for recovery in the aftermath of the Covid epidemic. In accordance with the results of an AIMO survey (economic times). As of today, June 2021, a harsh lockdown has been enforced in several sections of the United States, aggravating the situation for small and medium-sized businesses (MSME). The ATMA NIRBHAR BHARAT programme has offered some assistance, but it is not enough to address the problems that millions of small company owners confront. Even in the corporate world, change is inevitable.

References

Berkel, Rene Van (2020), 'India's Manufacturing Reel - impact of COVID-19' Article Accessed

from the Website https://wwwunido.org/stories/indias-manufacturing-reels-impact-covid-19

CH (2020). CU sets fund for MSME to tackle COVID-19', Article was accessed from website

https://www.manufacturingtodayindia.com/people/6997-cii-sets-up-fimd-for-msme-to-tacklecovid-19 during 10 June 2020.

GoI (2020). 'COVID-19: Finance Commission's advisory panel suggests support to cmall biz, NBFCs', Press Information Bureau, Government of India, Accessed from the website https://pib.gov.in/PressReleasePage.aspx?PRIE1617900 G

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Published

30-09-2021

How to Cite

Disha. (2021). Impact of Lockdown during Covid-19 on MSME sector : A review. International Journal for Research Publication and Seminar, 12(3), 155–160. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/156

Issue

Vol. 12 No. 3 (2021): Volume 12 | Issue 3 | 2021

Section

Original Research Article

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