GOVERNMENT RELIEF MEASURES FOR MICRO-SMALL-MEDIUM ENTERPRISES

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.

Harini Daliparthy

Senior Legal Associate

The Indian Lawyer & Allied Services

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