DO AWAY WITH NARROW MINIDED APPROACH HAVING STIFFLING EFFECT
Gyan Pathak
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2021-01-25 11:05
When crores of people are without jobs, economy is suffering from twin crisis of demand and supply, reviving the MSMEs and opening up doors to create new ones, make sense. Budget 2021-22 must do that, since all the MSMEs were shut down with lockdown orders on March 24, 2020 rendering the crores of employed persons jobless. Millions of MSMEs are now not viable, could not reopen despite unlocking of the economy since June 1, 2020 and has very little chance to survive. Initiatives taken seem to be failing in their very purpose mainly because they are not found to be compatible with the present need. Even the viable units are facing insurmountable hurdles in their way to financial access.