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COVID-19 temporarily affected various sectors including MSMEs

30 Jul 2021 Evaluate

The Ministry of Micro, Small & Medium Enterprises in its latest report has said that the COVID-19 epidemic has temporarily affected various sectors including Micro, Small and Medium Enterprises in the country.

According to the report, economic activity contracted due to the strict lockdown measures imposed by the Government. The report further said that this contraction has also had impact on the MSME sector.

Studies have been conducted by National Small Industries Corporation (NSIC) and Khadi and Village Industries Commission (KVIC) to assess the impact of COVID-19 Pandemic on MSMEs including units set up under Prime Minister’s Employment Generation Programme (PMEGP).