MSMEs of 9-pc closed their operation due to COVID: Govt

New Delhi: According to the Ministry of Micro, Small and Medium Enterprises, an online survey of 5,774 MSMEs conducted in August 2020 revealed that 91 percent of MSMEs were operational and 9 percent closed down as a result of COVID-19's impact.

Union Minister of Micro, Small and Medium Enterprises (MSMEs) Narayan Rane told the Lok Sabha in response to questions from Congress leader Rahul Gandhi, "In August 2020, the National Small Industries Corporation Ltd conducted an online survey of 5,774 MSMEs in 32 states/UTs to assess the impact of COVID on MSMEs. MSMEs were found to be functioning in 91 percent of cases and closed in 9 percent of cases due to the recession ""Affect."

Meanwhile, the government claims that the RBI lacks state-by-state NPA data in the MSME sector.

In November, it was stated by the Union Minister Narayan Rane that the Central governemnt is considering providing help to the micro, small and medium enterprises which were closed during the COVID-19 pandemic and a high-level meeting has been held in this regard. Restarting closed factories will create jobs and raise production and the GDP, the MSME minister said

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