COVID 19 and MSMEs: A revival framework

Authors

Keywords:

COVID-19, economy, measures, micro small medium enterprises, relief

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.

Author Biography

Esra Sipahi, Privacy Office, Ministry of Education, Turkey

Dr. Esra SİPAHİ is the staff of the Privacy Office of the Ministry of Education. She received her doctorate from Istanbul Gelişim University, Department of Business Administration. Her recent publications focused on Social Distancing and Coordination (2020) and social distance and its effects, which are critical to mitigate the spread of COVID-19, the areas of work such as Twitter sharing and emotional analysis of countries, and the impact of COVID-19 on businesses.

Dimensions

Agencies, TPT Bureau |. “Dynamic Roles of MSMEs for Post COVID 19 Growth with Support from Banks and Good Government Policies.” The Policy Times (blog), May 16, 2020. https://thepolicytimes.com/dynamicroles-of-msmes-for-post-covid-19-growth-with-support-from-banks-and-good-government-policies/ BloombergQuint. “Covid-19 Package: A Shot In The Arm For MSMEs And NBFCs.” May 17, 2020.

https://www.bloombergquint.com/coronavirus-outbreak/covid-19-package-a-shot-in-the-arm-for-msmes-andnbfcs

“Covid-19: Rescuing The MSME Sector.” May 19, 2020. https://www.bloombergquint.com/coronavirusoutbreak/covid-19-rescuing-the-msme-sector.

India, Ideas For. “Covid-19 and the MSME Sector: The „Identification‟ Problem.” Ideas for India. May 19, 2020.

http://www.ideasforindia.in/topics/macroeconomics/covid-19-and-the-msme-sector-the-identificationproblem.html. Iyer, Aparna. “India‟s Small Firms Need Cheaper Loans, Not Just an Interest Holiday.” Livemint, April 12, 2020.

https://www.livemint.com/market/mark-to-market/india-s-small-firms-need-cheaper-loans-not-just-aninterest-holiday-11586712193859.html.

“Ministry of Micro, Small & Medium Enterprises.” May 19, 2020. https://msme.gov.in/.

“MyWay.” May 19, 2020. http://int.search.myway.com/search/GGmain.jhtml.

MSME / SSI / Udyog Aadhar Registration in India.” May 19, 2020. https://www.msmeregistration.org/?gclid=EAIaIQobChMIobzw74vA6QIVD38rCh2rPQq9EAAYASAAEgL IAfD_BwE

“MSMEs Will Be the Biggest Casualty of COVID-19 in India: Study.” The Hindu. March 16, 2020, sec. Business.

https://www.thehindu.com/business/msmes-will-be-the-biggest-casualty-of-covid-19-in-indiastudy/article31084751.ece.

“Mudra - Micro Units Development & Refinance Agency Ltd.” May 19, 2020. https://www.mudra.org.in/.

“What‟s MSME | Ministry of Micro, Small & Medium Enterprises.” May 19, 2020. https://msme.gov.in/knowabout-msme.

https://www.outlookindia.com/outlookmoney/. “COVID-19 And Its Impact On MSME In India.” May 17, 2020.

https://www.outlookindia.com/outlookmoney/talking-money/covid-19-and-its-impact-on-msme-in-india4683.

https://www.bloombergquint.com/coronavirus-outbreak/covid-19-package-a-shot-in-the-arm-for-msmes-and-nbfcs https://www.outlookindia.com/outlookmoney/. “COVID-19 and Its Impact On MSME In India.” May 19, 2020.

https://www.outlookindia.com/outlookmoney/talking-money/covid-19-and-its-impact-on-msme-in-india4683.

Published

2020-06-30

How to Cite

Sipahi, E. (2020). COVID 19 and MSMEs: A revival framework. Research Journal in Advanced Humanities , 1(2), 7-21. Retrieved from https://royalliteglobal.com/advanced-humanities/article/view/146

Issue

Vol. 1 No. 2 (2020)

Section

Articles
Copyright & Licensing

This open-access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license.

You are free to: Share — copy and redistribute the material in any medium or format. Adapt — remix, transform, and build upon the material for any purpose, even commercially. The licensor cannot revoke these freedoms as long as you follow the license terms. 

Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. 

No additional restrictions You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.