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This covers fodder material for the topic, Impact of COVID on MSME in India. It is useful for descriptive exams like RBI, SEBI, NABARD, IBPS Mains, SBI Mains, etc.
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IMPACT OF COVID ON MSME SECTORNotebook: MISC
Created: 06-Mar-21 6:19 PM Updated: 06-Mar-21 6:26 PM
Author: civiltrackindia@gmail.com
IMPACT OF COVID ON MSME SECTOR
BLUE PRINT
1. Introduction --> Definition with Data/ Quote/ COVID Touch
2. Background of MSME in India
3. Challenges faced by MSME
4. Impact on MSME
5. Govt. Initiatives
6. Conclusion - cum - Solution
INTRO
"The severe disruptions caused by the pandemic has impacted earnings of Micro, Small and Medium Enterprises (MSME) by almost
20-50%." - MSME Survey Report. There can't be a better anecdotal evidence to show the lethal impact of the novel coronavirus on
the MSME Sector, which left millions of migrant workers stranded and hopeless in the wake of sudden lockdown.
BODY
BACKGROUND OF MSME
MSME is 2nd largest employment generator
Employs more than 11 crore workers in Non-Agro activities
Contribution in 2019 -- 29% of GDP
CHALLENGES
Logistics
Export Issue - supply chain
Shortage of funds
Temporary shutdown
Shortage of market credit
Shortage of manpower
market demand lapses
Shortage of supplies and input materials
Debt repayment, salaries/ wages, statutory dues,
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