FINANCIAL ISSUES DURING POST PANDEMIC 2020 W.R.T. MSMES IN INDIA

The growth of Micro Small Medium Enterprises (MSMEs) in India over past a decade has notably increased. Its significant contribution to the economy has brought attention of the government towards its growth & development. The incentive package announced by the Finance Minister of India towards this sector during pandemic acknowledges the need for the support of MSMEs because of their important role. Several policies and schemes were introduced by the government to boost this sector. It is therefore crucial to study how the pandemic has affected the business of MSMEs. It is important to study also whether the various financial disbursement from governments has facilitated towards the survival of MSMEs. This research paper deals with the role of MSMEs in India, the financial disbursement to this sector from the government in the span of 3 years (2019-22), and the status of NPAs amongst Micro, Small and Medium Enterprises. This research study will enable to understand the initiative taken by the government to support the interest of MSMEs during this trying times.

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Keywords: Pandemic (Covid-19), MSMEs, NPA, Financial Disbursement.


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