Covid 19 Economic Package: Implications For The MSME Sector

Hero Fincorp01 Jun, 2020Finance

The MSMEs forms the backbone of the Indian economy, contributing significantly to the GDP and being the second largest job provider after agriculture. It is also one of the sectors that has been badly affected by the Covid-19 crisis, causing severe disruptions in cash flow and working capital, among others. To help salvage the situation, the government stepped into announce Rs 20-crore financial bailout package.