With the COVID-19 outbreak, countries around the world are
facing a tough task of preventing their economies from shrinking.
Various countries have announced stimulus packages, and India too
has launched 'Aatma Nirbhar' Mission to make itself a
'selfreliant nation.'
Aatma Nirbhar Package
To achieve the objective of a self-reliant nation, the
government seems to have focused on Micro, Small and Medium
Enterprises (MSME) and have announced a slew of measures keeping
them in mind. One such major relief is expansion in the scope/
definition of MSMEs to enable a large number of entities to be
covered by MSME benefits. Apart from this, the package seems to
ensure liquidity and operational continuity of the MSMEs while
simultaneously providing opportunities for the potential growth of
their businesses.
