Three hundred and eighth report on impact of COVID-19 pandemic on MSME sector and mitigation strategy adopted to counter it

A high level Parliamentary panel has said that as the second wave of the Coronavirus pandemic "even more vigorously ripped the economy, particularly the micro small and medium (MSME) sector", the Centre's stimulus package for economic revival has proved to be "inadequate". The Parliamentary Standing Committee on Industry of Rajya Sabha, in its report on the impact of the pandemic on the MSME sector, said in its observation on Government's efforts to counter its ill effects, "the stimulus package announced by the Government for the economic revival from the pandemic hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief."