COVID -19 STIMULUS FOR MSMES AND ECONOMIC REVIVAL

ABSTRACT

The entire world is infected with the corona virus. The virus’s first case was discovered in December 2019 in China’s Wuhan city, which is also renowned as the country’s transportation hub. The virus’s rapid spread compels the WHO to declare it a pandemic. The virus’s outbreak has had an unprecedented impact on both the Indian and global economies. India is a developing country, and the spread of Covid- 19 has resulted in a national lockdown, which has had a detrimental effect on various sectors of the economy, including manufacturing, hotels, aviation, educational institutions, and MSMEs. In this article, we will examine the Indian economy’s MSME sector and the impact of the Covid -19 lockdown on it, as well as the different actions proposed by the Reserve Bank of India to rescue the Indian economy from economic instability.

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