Challenges Of Msmes (Micro, Small And Medium Enterprises) And Government Support After The Pandemic – An Exploratory Study In Bangalore, India

Abstract

This paper makes an explorative effort to assess the problems and prospects of MSMEs with reference to Bangalore. The paper hypothesizes that there is a wide gap between the government's initiatives and the sector's actual need.

A sample of 30 respondents is chosen to elicit primary data. Secondary data is collected from the websites of MSME, RBI and a plethora of allied ones. Notwithstanding the budget announcements with bold initiatives to provide succor post the onset of pandemic, there is a time lag between announced measures and their absorption, apart from huge inadequacies in this sector.

With the then Minister of MSME and Road Transport Mr. Nitin Gadkari’s announcement (July 2021),

2.5 crores of retail and whole traders in India too shall be added to this sector.

Upon synthesis of the data, it is empirically found that the MSMEs in India with specific reference to Bangalore suffer from huge inadequacies apart from a plethora of problems besetting them more pronounced from Note Ban in 2016, GST Introduction and now exacerbated by the after effects of the pandemic which are delineated in this study.