Self-reliant India not confident in scheme, thirsty for cash 42 per cent startup-MSE: Survey

-


New delhi date. 15 June 2020, Monday

In addition to India's startups, small and medium enterprises are running out of cash due to the Koro crisis. Even through the self-reliant India campaign, these units are not getting any help. A study by local circles found that 42 per cent of industries were facing severe cash shortages.

According to the survey, 38 per cent industries have no cash left and 4 per cent enterprises are shutting down their businesses due to all sorts of problems caused by the lockdown. About 30 per cent of businesses said they had enough cash to last three or four months. The 16 per cent of the industries surveyed said they have enough cash left over to run the next 3-4 months.

Local Circles is a community social media platform and surveyed 8,400 startups, more than 28,000 people involved in the industry.

No special advantage of Unlock-1

According to the study, Unlock-1's business is being affected but the vehicle has not hit any special tracks. During April-June, the contribution of cash-strapped startups and SMEs increased from 27 per cent to 42 per cent. The revenue of the organizations has dropped by 80 to 90 per cent during the last two months so it will be very difficult for them to run their own business in the future.

What is the benefit of self-reliant India scheme?

The Modi government has announced a self-sufficient India package of Rs 3 lakh crore for micro, small and medium enterprises. The survey questioned whether the package would be of any use, with 57 per cent of entrepreneurs saying no. This means that they will not get any benefit from this huge scheme of the government. Other than that, 29 per cent of executives said there was currently no way to say whether there would be any benefit.

Fourteen per cent of executives surveyed said there would be no benefit from the scheme. In fact, the scheme will only benefit those who already have a debt burden on their account. Most startup venture banks raise capital not through loans but through capital funding so it seems difficult to reap the benefits.

According to the survey, most of the startups and small entrepreneurs are trying to reduce the cost of their business and keep their business afloat during this difficult time of Covid-19. Sixty-four percent of executives surveyed reported cutting or avoiding marketing costs.

Talk of relief

However, the relief is that there is growing confidence in the startup that the situation will improve going forward. Executives, who are confident the situation will improve in the next six months, rose to 35 per cent in June from 13 per cent in April.

Comments

Post a Comment

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

-
Image
Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
Read more

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more