With around 31% contribution towards GDP and 45% of the exports of the country, the development of the MSME sector is an important driver of the Indian economy. This article aims to analyse the pre-COVID-19 and the present scenario of MSMEs, and also discusses the various schemes introduced by government to boost the sector. Through schemes like Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), AatmaNirbhar Bharat Abhiyan etc., the government has initiated reforms to bring liquidity by providing collateral free loans for the cash crunched MSMEs during…
Recent Reforms For MSMEs in India Amidst COVID-19 Pandemic
