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Why Modi govt's plan to help small businesses has done little to save them

Businesses from textiles to sports goods and furniture are shuttered or working at a bare minimum, and cows roam streets that would be normally packed with workers and vehicles

msme, jobs, workers, supply chain, industy, manufacturing, production
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Small businesses that account for nearly one-quarter of India's economy and employ more than 500 million workers are the worst affected by Covid-19

Reuters Meerut/Mumbai
India reopened for business in June after months of lockdown but for thousands of small entrepreneurs in the town of Meerut, near Delhi, the blow has been devastating.
Businesses from textiles to sports goods and furniture are shuttered or working at a bare minimum, and cows roam streets that would be normally packed with workers and vehicles.
Prime Minister Narendra Modi's programme to help small businesses back on their feet through $40 billion of government-gauranteed loans is too little and may not be enough to save the many companies that form the backbone of India's economy, nearly three dozen entrepreneuers Reuters spoke

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