Analysing the impact of relief measures on MSME's resilience and performance during the COVID-19 pandemic Online publication date: Wed, 31-Jul-2024
by Alpana Agarwal; Komal Kapoor
Global Business and Economics Review (GBER), Vol. 31, No. 2, 2024
Abstract: The paper aims to analyse the effectiveness of the six relief measures declared by the Indian government for the micro small and medium enterprise (MSME) sector to lessen the impact of the COVID-19 pandemic and help them recover. The relief measures are analysed for their effective implementation, how far they are helping the sector to recover and rebuild their future strategic direction. Technique for order preference by similarity to ideal solution (TOPSIS) has been applied to examine the impact of all six relief measures and rank them in order of their positive impact on MSMEs on their recovery during COVID-19 crises and expected growth in future. The relief measure suggesting e-linkage of marketplace has highest performance score in long-term growth of MSMEs. Also, collateral free loans and subordinated debts have not been able to get disbursed in an effective manner and have thus not been very successful in achieving the objectives.
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