Open AccessImpact of COVID -19 on MSMEs in India
Author(s) -
Pradeep Kumar N
Publication year - 2020
Publication title -
international journal of modern trends in science and technology
Language(s) - English
Resource type - Journals
ISSN - 2455-3778
DOI - 10.46501/ijmtst060617
Subject(s) - pillar , business , government (linguistics) , covid-19 , small and medium sized enterprises , market liquidity , pandemic , outbreak , economy , development economics , economics , finance , engineering , medicine , philosophy , linguistics , disease , structural engineering , pathology , infectious disease (medical specialty) , virology , biology
The Micro Small and Medium enterprises (MSMEs) have been accepted as the engine of economic growthand play an important role in the equitable economic development of country.The MSMEs constitute over 90%of total enterprises in most of the economies and are credited with generating the highest rates ofemployment growth and account for a major share of industrial production and exports.Coronavirus outbreakis eroding the already battered Indian economy in more ways than one.MSMEs, which is a crucial pillar ofemerging economy like India’s are not able to do business as usual.The main objective of the study is tomeasure the major liquidity measures announced by the Central Government in this pandemic situation andto identify the rise of MSMEs in India and the initiatives by the banks. The study is based on the secondarydata.