Mint’s Pivot or Perish series, he said small businesses should be offered cheap power and cash to wait out the period of low demand.
Edited excerpts:What can the MSME sector do to get over the coronavirus crisis?The MSME sector forms the last link of the value chain for industrial products and employs a large section of the workforce.
Without a robust and thriving MSME sector, the inclusive growth story of India will not be possible.MSMEs’ operations were completely disrupted during the nationwide lockdown.
Now, they are faced with a shortage of manpower and liquidity.Access to easy and cost-effective finance to the MSME sector is a priority for reviving growth in areas like consumer durables and automobiles, which in turn, will drive.