Over a third of MSMEs may end up shutting down operations, says AIMO survey

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.