News > MSMEs will be the biggest casualty of COVID-19 in India: study

MSMEs will be the biggest casualty of COVID-19 in India: study

Based on ground impact information gathered from various sources, AIMO believes that a large number of MSMEs in the country will vanish if the panic continued beyond a month. "MSMEs have already started facing huge financial burden of unpaid salaries (will eventually result in loss of employment), unpaid EMIs ( will impact the balance sheets of financial institutions) and finally, closure of such operations. Loss-making balance sheets does not allow them to get any finance from banks or NBFCs as per RBI norms