PM Modi Ji- Announce economic package to save MSMEs ��
PM Modi Ji- Announce economic package to save MSMEs ��
The Issue
Not all SMEs will survive the Covid-19 crisis, but what should an economic bailout look like in India? The world over, financial package have been already announced by nations in a-bid to restore their economies amid the pandemic gripping countries across the globe.
The question that arises here is that why has India not announced an economic package yet?
While businesses across sectors are finding it challenging to stay up and running. It has been a distressing time for small businesses and SMEs who gloomily stare at an uncertain future.
Time and again, MSMEs have been hailed as the backbone of the Indian economy who can contribute well in achieving India’s dream of a $5 trillion economy by 2025. However, such businesses will simply not be able to survive or sustain if booster steps are not taken on urgent priority to pull them out of the current bleak situation.
PM Narendra Modi Ji had earlier urged all private sector companies including large and small businesses to honour payment commitment to employees. Now leading companies(not to mention names) have enough funds to cope up with the ongoing situation, also take care of the financial situation of their employees but SME sectors do not have adequate social security. Government should act now��
The Issue
Not all SMEs will survive the Covid-19 crisis, but what should an economic bailout look like in India? The world over, financial package have been already announced by nations in a-bid to restore their economies amid the pandemic gripping countries across the globe.
The question that arises here is that why has India not announced an economic package yet?
While businesses across sectors are finding it challenging to stay up and running. It has been a distressing time for small businesses and SMEs who gloomily stare at an uncertain future.
Time and again, MSMEs have been hailed as the backbone of the Indian economy who can contribute well in achieving India’s dream of a $5 trillion economy by 2025. However, such businesses will simply not be able to survive or sustain if booster steps are not taken on urgent priority to pull them out of the current bleak situation.
PM Narendra Modi Ji had earlier urged all private sector companies including large and small businesses to honour payment commitment to employees. Now leading companies(not to mention names) have enough funds to cope up with the ongoing situation, also take care of the financial situation of their employees but SME sectors do not have adequate social security. Government should act now��
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Petition created on 22 April 2020