AIMO Survey : MSMEs and Traders face job loss; Demonetization and GST to blame - The Indian Wire

AIMO Survey : MSMEs and Traders face job loss; Demonetization and GST to blame - The Indian Wire
x

  • All India Manufacturers’ Organisation (AIMO), the apex Organisation which monitors industrial progress, has released a survey on the rising unemployment in the TMSME sector (Traders, Micro Small, and Medium Enterprises).
  • AIMO released the survey after analyzing around 34,700 samples from traders and MSMEs across India which reflected that MSMEs have been through a crisis since 2014.
  • The unorganized sector included stitching units, matches, plastic, crackers, dyeing units, stone units, tanneries, job work units, and printing companies.
  • The AIMO represents over 3 lakh MSMEs and it has highlighted that profitability, government documentation, sourcing funds, availing incentives are the major challenges faced by MSMEs.


Next Story
Share it
Top
To Top