The Government of India has recently announced certain #relief measures for supporting the micro, small and medium enterprises (#MSMEs), financial institutions and other businesses, during the #Covid19 crisis.
The Covid-19 Pandemic has adversely affected trade and commerce across the globe. The Government of India had declared a lockdown around 22-03-2020 to contain the spread of Coronavirus. As a result, number of businesses, especially MSMEs, were forced to shut down their operations. This has resulted in loss of income and revenue generation.
Thus, with a view to support the MSMEs, the Government of India recently introduced the following relief measures from 12-05-2020 to 14-05-2020:
Currently, MSMEs have been facing problems of revenue generation due to the Covid-19 crisis. But it is strongly believed that the aforesaid Government measures would help to boost entrepreneurship and revive the economic growth of the country.
Senior Legal Associate
The Indian Lawyer & Allied Services