A Perspective Study on the Challenges Faced by the Small-Scale Industries during COVID-19

Abstract

Small and Medium Enterprises with various ventures, such as equipment and machinery manufacturing, metal and electrical products, cement, food and drinks, construction and construction supplies, rubber and plastic goods, and automation technologies, are seeing considerable expansion in the Indian market. The Covid-19 pandemic has impacted all economic sectors, but SMEs in India have been particularly hard hit. The current effect of coronavirus on SME's in India is investigated in this study. So that after smoke clears, SME's discover that they must grow and change over time to stay profitable. Safeguard processes, hygiene and disinfection techniques, a revised procurement strategy, the integration of affiliate marketers, standardising their product range, a much more receptive assessment of supply chain management, and an assessment of catastrophe or disaster response plans are some of the answers to this problem. This study author is trying to analyse the challenges faced by small scale industries during lockdown period and the government initiatives in this regard.