COVID 19 and MSMEs: A revival framework

Abstract

The economies all around the world is suffering from COVID-19, which has made the entire world panic and the pandemic virus has taken over almost 195 countries in its grip. It is quite evident that the enterprises in the MSME sector are the most vulnerable ones in the era of covid-19 pandemic because of their size, scale of operation, limited financial managerial resources and more importantly they don‟t have the capacity to deal with something so unexpected. Here an attempt is made to identify the problems existing in the way of infusing relief measures to the MSME sector and also evaluates the relief measures for MSMEs announced by the finance minister of India as part of the Atmanirbhar Bharath Abhiyan. A framework for the revival of the MSMEs has also been proposed here as part of the study. As the COVID-19 pandemic is a crisis with an unforeseeable ending, the government and businesses enterprises in every sector have to work together so as to address the root cause of the crisis.