In the recent past SMEs Isector has been subject to strong headwinds – a slowdown in economic growth, the NBFC liquidity crisis, downturn in the automobile industry – leading to immense survival challenges. As if this was not enough, a further shock in the form of the COVID-19 pandemic and the resultant country-wide lockdown, could result in huge losses for this segment and the shuttering of many units in the absence of a market, liquidity and labour.
In this gloomy scenario comes a ray of light in the form of the economic stimulus measures announced by the Finance Minister, resting on the five pertinent pillars of Economy, Technology, Infrastructure, Demographics and Demand, these announcements are likely to spur growth and inject a fresh lease of life in MSMEs. Of particular significance are the measures aimed at the MSME sector which is expected to revive the “animal spirit” of the small Indian entrepreneur whose dreams were shattered due to the lockdown.
Opportune Time
The significant change in the definition of MSME has positive implications and fulfils a longstanding structural demand of the sector, as the definition had remained constant since the MSME Development Act of 2006. The fear of growing out of the MSME sector and resultant loss of benefits and incentives had hampered the growth plans of many an entrepreneurs.
この記事は SME World の June 2020 版に掲載されています。
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この記事は SME World の June 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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