Govt Is Monitoring And Tweaking The MSME Revival Package

The government’s decision to inject stimulus in Micro, Small and Medium Enterprises (MSMEs) is not only meant to help them recover from the pandemic crisis but also encourage them to contribute to the overall goal of creating a $5 trillion economy by 2024. Union Minister of State for Finance Anurag Thakur, discusses his government’s reform measures in conversation with Rajat Mishra.   All India Manufacturing Association’s (AIMO) recent survey showed 78 per cent of the MSME do not see any hope of recovery despite the government’s stimulus package. Instead, they expect other forms of assistance. What is your view? Whatever decision has been taken in the past was done after due consultations with industry leaders. It is too early to comment anything because many sectors have resumed work only a few weeks ago. We are closely monitoring the progress of Rs 3...