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Showing posts from January, 2021

Cash crunch, GST major challenges for MSMEs 5 years after Startup India Mission launch: Survey

  Follow us on -  LinkedIn  - https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/ Five years have passed since the government launched the Startup India Mission to boost MSMEs and startups, but a survey has found that cash crunch and GST remain major hurdles for a majority of these firms. The Narendra Modi-led central government launched Startup India Mission on January 16, 2016 to give new firms, particularly in the Micro, Small and Medium Enterprises (MSME) sector a boost. But five years down the line, startups and MSMEs have said in a survey that cash crunch and Goods and Services Tax (GST) remain major growth hurdles. The Covid-19 pandemic-hit 2020 was particularly bad for the Indian economy and impacted the  MSME sector badly . The government came up with a Rs 3 lakh crore emergency credit line to the MSME sector but the surveyor, the Local