1/n | This thread is an impromptu string of thoughts that are coming to mind after having a random unplanned chat with a group of learned people a while back.

Topic was: #COVID19's effects on #Businesses (especially Small & Medium scale enterprises, #SMEs)

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#bricksNmortar

2/n | While many #NGOs, Social houses, Trusts, Governments, et al. tried to address & mitigate the problems of the society categorised under empirically derived #poverty line, very few have cared about the #LowerMiddleClass, & #SmallScaleIndustries, & #SMEs.

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#bricksNmortar

3/n | With respect to outcome of impromtu discussions we had, it was noted that the foremost practical problem of the #SMEs and the people associated with them-- which include their #owners/ managers/ employees/ workers-- are now on the verge of #bankruptcy.

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#bricksNmortar

4/n | Since almost no production has happened in these #SMEs since last week of March 2020, and the fact that the usually meagre #WorkingCapital has also dried up, their #CashFlows have become do very strained that their very existence is questionable now!

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#bricksNmortar

5/n | Based on the feedback, the workers & labour category are still eligible to seek food (ration) provion and basic monetary help from the Government ( #MNREGA, #JanDhan, etc.), it is the Owners, Managers & Contractors, who are finding themselves #nowhere!!

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#bricksNmortar

6/n | The Owners of these #SMEs, #SmallScaleIndustries, #Shops, #Warehouses, #Suppliers, #Retailers, & other #ServiceProviders are fast getting on the verge of irrepairable #bankruptcy, and no one caring or extending a helping hand to them during #COVID19!

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#bricksNmortar

7/n | The such financially strained people are supposed to pay to their wards' school fees, repay loans & rents, settle the minimum contract demand of electricity/water/etc. with no input income at all.

Many businesses are on the very verge of #COLLAPSE

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#bricksNmortar

8/n | Central & State Governments might retort that they've extended moratorium to repayment of dues & loans to #SMEs.

But, is that sufficient to survive?

Don't these SMEs require a monetary lifeline and financial aid so as to sustain?

Time to think!

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#bricksNmortar

9/n | We're going to initiate the handles:

#SaveSMEs
#SaveSmallBusinesses
#SaveSmallScaleIndustries
#SaveBricksAndMortarBusinesses

We're going to put this matter across to concerned governments & authorities.

SHARE THIS INITIATIVE WITH ALL CONCERNED.

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#bricksNmortar

10/n | On 20th June 2020, #GaribKalyanRojgarAbhiyaan launched by Government of #India, which is a praiseworthy initiative. It endeavours to take care of the #MigrantWorkers in the rural areas.

A similar package must also be started for the #middleclass https://twitter.com/DDNewslive/status/1274228119461703681?s=19

To: All concerned ministries

Sub.: Helping hand to #MiddleClass, #SMEs, #SmallScaleIndustries, #SmallBusinesses

Hon'l @nsitharamanoffc,

1st priority to #MigrantWorkers
is fine.

Many others, on the verge of #bankruptcy, are waiting for Nth priority

Cc: @PMOIndia @CimGOI

Cc:
@minmsme
@FinMinIndia
@DIPPGOI

For guidance as how people affected from #middleclass & #SmallBusinesses can avail short-to-medium term interest free loan so as to tide over the current suffocating non-surviving scenario caused by #COVID19India

Came across this #newstweet reg. assistance economic package for #MSME in the Indian State of #TamilNadu

Could someone in @minmsme or @FinMinIndia or @nsitharamanoffc guide similar news links for rest of Indian States & UTs so that we can pass on the word to the needful

https://twitter.com/airnewsalerts/status/1276159461841702912?s=19

No answers found/received to the raised queries from any of the tagged or marked twitter handles.

Our readers are awaiting some guidance as what they should do.

Lets try putting these messages on a li'l higher altar.

Requesting @threadreaderapp to please sum up this thread pls