Rejuvenation of MSMEs from impact of COVID-19

COVID-19 has given a severe jolt to the MSMEs sector and had negative impact. In response to COVID-19 impact on the industry, the Government and RBI announced numerous measures to help MSMEs to come out of the hardship inflicted by the pandemic. MSMEs were provided funds by government for carrying out CSR practices. Helps offered by companies to battle COVID -19 were treated as CSR activities. Some enterprises innovated their ways by changing focus from non-essential commodities towards essential commodities like masks, hand sanitizer, PPE kits and are able to survive in difficult times. It can be viewed as CSR activity in a way even though it is done to endure. Even now MSMEs are making out how to respond to the challenges due to COVID-19. Though they are small, yet they are important and still responsible socially.

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What are MSMEs?

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Conclusion

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