HomeNewsBusinessAbout 9% MSMEs got shut down due to COVID-19 disruptions, govt tells Lok Sabha
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About 9% MSMEs got shut down due to COVID-19 disruptions, govt tells Lok Sabha

On the question about providing support to MSMEs, the minister said loans amounting to Rs 2.82 lakh crore have been sanctioned to businesses.

December 16, 2021 / 14:44 IST
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Representative Image (Source: ShutterStock)
Representative Image (Source: ShutterStock)

An online survey conducted by National Small Industries Corporation Ltd found that about 9 percent of micro, small and medium enterprises (MSMEs) have closed down as a result of the COVID-19 pandemic, minister Narayan Rane said.

In a written reply to a question by Congress leader Rahul Gandhi, Rane said that an online survey conducted in August last year covering around 5,744 MSMEs in 32 states/UTs found that 91 percent of them were functional while 9 percent had closed due to COVID-19 impact.

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Asked about the alarming increase in number of suicides by MSME business owners, Rane said that as per National Crime Records Bureau, a total of 9,052 business owners committed suicides in 2019, while the number increased to 11,716 in 2020.