Stimulus Package to Credit- Starved MSMEs
COVID-19 Stimulus Package to Credit- Starved MSMEs Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce Delhi School of Economics University of Delhi. ssvikrampratap@gmail.com Over the past few decades, the Micro, Small, and Medium enterprise (MSME) sector have occupied a position of strategic importance in the Indian economic structure. This sector contributes nearly 28 percent of the country’s GDP, employing over 111 million people in nearly 63.38 million widely dispersed enterprises across the country, accounting 45 percent of manufactured output, 40 percent of the country’s total export and producing more than 8000 value-added products ranging from traditional to high-tech. Further, these enterprises are the kindergarten for innovation and entrepreneurship which will be the key to the future growth of India. It is also an acknowledged fact that this sector can help realize the target of the proposed National Manufacturin...