IMPACT OF COVID-19 PANDEMIC ON MICRO, SMALL AND MEDIUM SCALE INDUSTRIES IN INDIA

Among other sectors the Industrial sector has not been any exception during the pandemic that shook the entire world.In India especially the fourth cadre people of Industries i.e the laborers faced the harsh situations in their life to even survive without employment.Many sectors along with the business sector where Medium and small scale Industries faced a very crucial times during the lock-down that was imposed in India where remarkable changes were seen in almost every employees life.Many of the laborers were compelled to leave the job and migrate to their hometown as there was a layoff in their Enterprises and some were even closed or are on the verge of closure due to no production and money crunch as well.This Research paper encompass those parameters on the bases of which the Small and Medium scale Industries were running short of finance or were temporarily closed. Studies and surveys shows that approximately 95% firms were impacted negatively due to national lockdown imposed in April 2020, 70% of businesses remained disrupted till August 2020. Even after progressive unlocking, reports suggest that almost 40% businesses remained interrupted till the end of February 2021.