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Around 9% MSMEs got shut down due to COVID-19: Govt
short by Krishna Raj / on Thursday, 16 December, 2021
Minister of Micro, Small and Medium Enterprises (MSMEs) Narayan Rane said an online survey conducted by National Small Industries Corporation found that about 9% MSMEs closed down due to COVID-19. As per National Crime Records Bureau, 9,052 MSME business owners committed suicide in 2019, while the number increased to 11,716 in 2020, he added. MSMEs contribute 29% to India's GDP.
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