Around 35 per cent of the country's Micro, Small and Medium Enterprises (MSMEs) and about 37 per cent of self-employed persons are starting the process of shutting down operations despite the financial packages announced by the Government of India, according to a survey conducted by the All India Manufacturers' Organisation (AIMO). The study said the financial stimulus provided by the government is not applicable to start-ups, which account for over 11 per cent of the MSMEs in the country.
The results are based on 46,525 responses AIMO received from across industry segments including self-employed, MSME owners, corporate CEOs, employees and experts. The Survey was conducted in collaboration with social technology enterprise Digitally 4 Empowerment (D4E) and other trade bodies like Federation of India Industry (FII), Association of Indian Industry (AII), Cement Manufacturers Welfare Association (CMWA), Consortium of Women Entrepreneurs of India (CWEI), Fed
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