Open AccessImpact of Covid-19 Crisis on Micro-Enterprises: A Study of Lunglei Mizoram
Author(s) -
R. Lalngaihsaki,
R. Lalnunthara
Publication year - 2021
Publication title -
senhri journal of multidisciplinary studies (online)/senhri journal of multidisciplinary studies
Language(s) - English
Resource type - Journals
eISSN - 2582-6840
pISSN - 2456-3757
DOI - 10.36110/sjms.2021.06.01.003
Subject(s) - loan , business , covid-19 , payment , government (linguistics) , revenue , financial crisis , sample (material) , pandemic , finance , economics , medicine , linguistics , philosophy , chemistry , disease , pathology , chromatography , infectious disease (medical specialty) , macroeconomics
Covid-19 pandemic has impacted the society, business and economy around the world. The present study is conducted to understand and analyse the impact of Covid-19 crisis on micro-enterprises in Lunglei, Mizoram. For the purpose of the study, 80 micro-enterprises were selected as sample. Primary data were collected by using the structured questionnaire. Secondary data were collected through journals, books and websites. The study reflected that 80% of the enterprises’ revenue were negatively impacted by the pandemic. 58.75% of the enterprises were facing the problems in making obligatory payments such as salaries, wages, rent, taxes, loans etc due to the Covid-19 crisis. The present study also revealed that 28.75% of the enterprises’ working capital were already negative to run the enterprises if Covid-19 crisis continues. Therefore, the study recommended that the government, banks and financial institutions would take steps to alleviate the impact of Covid-19 crisis on the micro-enterprises by providing low interest loans, relaxation of the loan payment, new schemes for entrepreneurs.