AIMO Survey : MSMEs and Traders face job loss; Demonetization and GST to blame - The Indian Wire
17 Dec 2018 4:38 AM GMT
AIMO released the survey after analyzing 34,700 samples across India which reflected that MSMEs have been through a crisis since 2014.
- 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.
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