Context: Covid-19 has pushed lakhs of small and medium businesses to the edge, and many to the brink of closure. It is a ‘Code red’ moment for these businesses due to uncertainty, which may take months to recover.
Worsening Condition of MSMEs:
Steps taken by the Government:
Way Forward:
Conclusion: With the current emphasis on locally manufactured products, the value of MSMEs has come more to the forefront for Atmanirbhar Bharat’s sustainability.