An Analytical Study on the Government Policies for the Sustainable Growth of MSME’s in India During Covid-19

Abstract

The Micro, Small, and Medium Enterprise (MSME) sector is the foundation of the Indian economy. It represents 48% of India's products and utilizes 110 million individuals. The pandemic has, true to form, had a broad financial effect, yet the extent of its belongings isn't surely known. Small-scale organizations, which are basic to the working of India's manufacturing and administration sectors, have experienced the most. Notwithstanding, the COVID-19 and its consequence almost stopped the MSME sector in 2020, with a huge drop in income. The sector experienced the most as far as guaranteeing business congruity, because of a serious liquidity crunch and declining demand. During the emergency, the government's thought for the focused on sector has given critical catalyst to MSMEs. Thus, it is basic to evaluate the impediments, uncover them, and devise a system to beat the pandemic emergency. Hence, the researcher has made an attempt to do an analytical study on the government policies for the sustainable growth of MSMEs in India during COVID-19. Both primary and secondary sources of information have been used for the study.