Recovery Roadmap for Micro and Small Enterprises in Telangana - Policy Note - July 2021
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Recovery Roadmap for
Micro and Small Enterprises
in Telangana
FINANCE
Policy Note - July 2021
INNOVATIONS
BUSINESS
2 | Recovery Roadmap for Micro and Small Enterprises in Telangana
Background
In the past year, India has been weathering support enterprise development. With
unprecedented health, social and economic a vision to better support women
adversities caused by the COVID-19 entrepreneurs across sectors and revenue
pandemic. Disrupted supply chains, scales, and taking into consideration their
poor access to finance and markets, and socio-economic background, WE Hub,
consumers' limited propensity to spend Department of IT E&C, Government of
have revealed the fault lines in India's 6.3 Telangana, organised its first Stakeholder
million-strong enterprise ecosystem. In the Consultation on March 2, 2021. While many
first wave, there was a significant drop in policy recommendations for MSME recovery
revenue; with the second wave, business have been released since the beginning
owners fear their inability to recover, of the pandemic, many such resources do
signalling a bearish market sentiment. A not pinpoint specific stakeholders that can
timely and comprehensive policy response take ownership of actionable inputs. WE
is imperative to support Micro, Small and Hub has attempted to holistically address
Medium Enterprises (MSMEs) that face the this policy challenge by taking into account
risk of permanent closures, and improve the primary data collected through a survey,
market sentiment. extensive review of existing policy notes
and recommendations for the recovery of
Despite various government relief efforts MSMEs by LEAD at Krea University, and by
to provide collateral free-loans, refinancing hosting the first Stakeholder Consultation
packages and working capital support, that helped identify gaps in synergising the
businesses that operate on low margins efforts by multiple departments to promote
continue to suffer due to social distancing entrepreneurship among women.
restrictions, labour shortages, inadequate
demand and rising input costs. In Telangana, Based on the inputs obtained from the first
which is home to 2.6 million enterprises, consultation, and LEAD at Krea University’s
of which 0.97 million are women-owned research and policy analysis, this policy
enterprises1, the economic impact of the note identifies recommendations that
pandemic has been equally damaging. are reflected in most policy notes and
other relevant resources reviewed for this
Revised Classification of MSMEs w.e.f. July 1, 2020 purpose. Six broad thematic areas have
Manufacturing & Investment Annual been identified and grouped as per their
Enterprises in Plant and Turnover short(upto 1 year), medium (1-5 years) and
rendering Machinery or
Services Equipment long-term impact (5+ years). These are:
Micro Not more than Not more
Rs. 1 crore than Rs. 5
crore
Small Not more than Not more
Rs. 10 crore than Rs. 50
crore
Employment Retention Digital Economies Fiscal and Financial
Medium Not more than Not more and Enterprise Support and Market Access Policy
Rs. 50 crore than Rs. 250 Measures
crore
Source: Ministry of MSME, GoI. URL: https://msme.gov.in/know-about-
msme
Background
Planning for Recovery
The Government of Telangana (GoTS) Retraining and Safe, Accessible Regulatory
Skill Upgradation Workspaces and Measures
has taken multiple initiatives to increase Inclusive Measures for
women’s workforce participation and Workers
Recovery Roadmap for Micro and Small Enterprises in Telangana | 3
1. Employment Retention and Enterprise
Support Measures
MSMEs in India have been adversely affected
in the past year. In April 2020, immediately Recommendations:
after a lockdown was announced, 55% of
the surveyed enterprises were producing
Short-term
no output; smaller firms lost more business
than their larger counterparts, and only • Relief in the form of reimbursements,
45% of workers were retained by MSMEs3. rent subsidies10,11, deferring of commercial
In a survey conducted by WE Hub in utility bills12, and operational expenditure
Telangana in May 2021, 54.3% of respondents claims for eligible enterprises should be
reported that their means of income will continued via stakeholders such as the
become unviable within a month owing to Telangana State Industrial Infrastructure
the pandemic; over 26.6% also reported a Corporation (TSIIC); pre-COVID
decrease in sales, with 15% of the sample conditionalities that could hinder recovery
reporting cancellations of orders as a key should be removed13.
barrier to continuing their operations4.
• Key stakeholders should support firms in
Further, one in three enterprises surveyed
accessing markets, enabling regulatory
reported a decrease in sales, and 71.8% of
compliances, improving product quality,
enterprises were planning to lay-off their
and applying for commercial loans14.
employees in the forthcoming quarter
to reduce overheads and sustain their • Changes and innovations made by
business5. On the positive side, 10.6% of the enterprises for workplace adjustments,
respondents reported procuring machinery such as buying new machinery and
and equipment to establish their business6. expansion during the pandemic, can be
Employment Retention and Enterprise Support Measures
incentivised15.
According to another survey conducted by
LEAD at Krea University across India, one • Efforts can be made by stakeholders
in three women-led businesses had to shut in the government to reach women in
down either temporarily or permanently in rural and remote areas with information
June-July 2020. Nearly half the surveyed about COVID-19 support measures16;
women entrepreneurs reported a loss of handholding support in digital literacy
risk appetite7. By November 2020, a quarter and agro-processing can help boost rural
of the surveyed businesses were still not women-led enterprises17.
operational, and nearly three-quarters of • Actively engaging with women (informal
closed businesses reported not having workers and entrepreneurs) and including
received any external support for their a robust gender and intersectional lens
business from self-help groups (SHGs), (caste, class, place of residence, industry
non-governmental organisations (NGOs) or sector etc.) in all policy and programmatic
government schemes/missions8. According responses to COVID-19 can ensure that
to the National Restaurant Association of these initiatives are more inclusive and
India (NRAI), an estimated 20 lakh workers gender-sensitive18, 19.
employed in the restaurant and eateries
sector across India may lose their jobs due Medium-term
to the pandemic9. The need of the hour is
• Effective design and implementation
to ensure that MSMEs are given revamping
of active labour market policies
support (such as working capital/operational
(ALMPs), including public employment
expenditure support) to sustain beyond
programmes aligned with more
the pandemic and retain their workforce on
comprehensive national employment
payroll.
policies, can enable re-entry of the4 | Recovery Roadmap for Micro and Small Enterprises in Telangana
working population into the labour • Interventions being designed for MSMEs
market20. should be streamlined and segmented
as per requirements of different kinds
• Providing financial planning and of enterprises such as firms, own-
management training helps enterprises, account enterprises, rural enterprises,
especially women-led enterprises in rural agripreneurs etc31.
areas21, account for monthly savings,
investments, and expenditure planning22. • Guidelines should be furnished for
A review of existing evidence suggests stakeholders to identify women
that financial assistance paired with such entrepreneurs for incubation programs
training programs has more benefits and government assistance programs;
for the long-term growth of women's mechanisms for the large-scale
businesses than financial assistance establishment and scaling up of women-
alone23. led enterprises should also be designed in
the long term32.
• Rehabilitation support (financial
and otherwise) should be extended, • A single-window portal is needed to
especially to businesses that may have provide one-stop solutions for enabling
closed down, to dissuade loss of risk women entrepreneurs to access various
appetite24,25. For example, evidence government support mechanisms; the
suggests that flexible credit repayment guidelines and modalities for such a
requirements can promote women portal are to be discussed and agreed
entrepreneurship by encouraging risk- upon by all stakeholders33.
taking behaviour26; access and usage of
such credit products can be facilitated
and incentivised. The private sector and Key Stakeholders
industry associations can also play an Employment Retention and
instrumental role in supporting women- Enterprise Support
led and operated enterprises specifically
Employment Retention and Enterprise Support Measures
by offering gender-sensitive products
• Commissionerate of Industries (CoI),
and services and setting targets for
GoTS;
procuring from them27.
• Labour Department, GoTS;
• Loans and working capital should
be made available to promote • Panchayat Raj & Rural Development
agripreneurship in particular; government Department (PR&RD), GoTS;
support is needed for rural and farm-
• Department of Women
based enterprises to diversify into agri-
Development & Child Welfare
value chains using cluster approach, one
(WDCW), GoTS;
district one product (ODOP) approach,
and similar approaches to ensure • Ministry of Micro, Small, and
perennial income from various sources28. Medium Enterprises-Development
Collectives can be effective platforms Institute (MSME-DI) Hyderabad, GoI;
for enhancing business opportunities, • Telangana State Mission for
leveraging institutional credit, and Elimination of Poverty in Municipal
collective aggregation in the farm and Areas (TSMEPMA), Department of
non-farm sectors29. Municipal Administration & Urban
Development (MA&UD), GoTS;
Long-term
• State Level Bankers' Committee,
• Robust minimum-wage floors should be Telangana (SLBC);
created, and community-based initiatives • Civil Supplies Department, GoTS;
and public employment programmes
can bring vulnerable workers in informal • Non-governmental organisations
economies into the formal fold30. (NGOs) and private sector playersRecovery Roadmap for Micro and Small Enterprises in Telangana | 5
2. Digital Economies and Market Access
Despite the potential advantage of digital
economies in the present situation, only Recommendations:
30% of surveyed MSMEs had started a
business website or enabled e-commerce
Short-term
functionality as of June 2020, even as
e-commerce contributed to an increase of • Providing universal, affordable internet
53% and 65% of the revenue contribution access, extending affordable, effective
for MSMEs in retail and educational services and efficient "digital wallets" and
respectively34. However, over half of the payment options for all, and educating
surveyed MSMEs used video conferencing entrepreneurs on using these tools should
tools and WhatsApp to stay in business be facilitated through public-private
during this time35. Moreover, South Asia has partnerships41.
also witnessed a 5% increase in the number
• Digitisation of the business environment
of registered mobile money accounts
can help make business registration,
(305 million accounts) and an 8% increase
licensing, taxation and reporting faster,
in mobile money transactions in 2020
more accessible, and transparent42.
(7.5 billion transactions)36. Thus, there is
tremendous scope for leveraging digital • Digital access, digital financial inclusion
platforms, digital payment solutions, and and digital literacy and training should
e-commerce platforms to support MSME be facilitated, particularly for women in
recovery. Market access and linkages have rural/informal enterprises43,44,45,46. There
significantly suffered due to the restrictions is evidence that access to information
on transport and travel during the pandemic. and communication technology
This, in turn, affects supply and demand as (ICT) kiosks led to higher levels of
well. entrepreneurial activity over time in rural
areas47; several studies also suggest that
In April 2020, about 70% of enterprises digital technologies can enable women
surveyed had not received previously entrepreneurs to scale up and make their
contracted raw material, more than 80% businesses more efficient48.
firms had unsold product in the inventory,
and about 60% reported order cancellations • There is a need to reform online and
since the lockdown37. 6.4% of surveyed mobile payment regulations and
MSMEs highlighted the need for support strengthen e-commerce platforms, Digital Economies and Market Access
in restoring logistics channels to resume facilitating mobile-based financial
regular operations38. In the WE Hub survey, transactions. Providing support to
respondents cited increasing marketing improve transportation and delivery
efforts (37.6%) as their primary strategy networks will also to strengthen access to
to combat the impact of the pandemic, e-commerce platforms for MSMEs49.
followed by sourcing to new suppliers (23%) • Small retail enterprises (e.g. kirana
and temporarily reducing scale of operations stores) should be aided in adopting
(12.8%)39. Over 54% of the enterprises digital tools for bill payments, ledger
surveyed are working towards pivoting their keeping and inventory management, and
business model, with 33.7% reporting plans partnering with startups, big retailers,
to make concerted marketing efforts40. and e-commerce firms50. ICT-based and
Thus, market access, back and forward cluster-based virtual cooperatives have
linkages, supply chain management and shown some potential to improve market
digital platforms should all be considered by access for micro-enterprises51.
stakeholders working on recovery measures.6 | Recovery Roadmap for Micro and Small Enterprises in Telangana
• Member engagement, consultation and peer-to-peer communication among
social dialogue should be facilitated enterprise owners58. Case studies in India
by taking public-private stakeholder show that mobile phones are the most
engagement online52. preferred technology component used
by women entrepreneurs due to their
Medium-term relative affordability compared to other
ICT devices like computers; the latter are
• A new quality control task force can be
considered to be more viable options
constituted to streamline procurement
for financially secure and more educated
by the government, and utilise existing
women59.
Central Processing Centres (CPCs) and
Common Facility Centres (CFCs) for
warehousing to streamline supply chain
management for MSMEs.
Key Stakeholders
• In collaboration with the Agriculture
Department, Minimum Support Prices Digital Economies and Market Access
(MSP) can be introduced for processed
goods made by SHGs, once a quality
control mechanism is in place. • Farmer Producers’ Organisations
(FPOs), National Bank for Agriculture
• Encouraging the adoption of digital and Rural Development (NABARD),
technologies and e-commerce models can GoI;
help expand the customer base among all
small format retailers and enterprises53. • Society for Elimination Rural Poverty
(SERP), Panchayat Raj & Rural
• Collaborations between public sector Development Department (PR&RD),
banks and fintech lenders can facilitate GoTS;
faster and safer lending alternatives;
• Telangana State Mission for
quicker assessments of creditworthiness
Elimination of Poverty in Municipal
of MSMEs, and reduce turn-around time
Areas (TSMEPMA), Department of
for processing loan applications and
Municipal Administration & Urban
disbursal54.
Development (MA&UD), GoTS;
• A streamlined database of women-led
• WE Hub Foundation, Information
businesses can enable identify women-
Technology, Electronics &
led SMEs for preferential procurement by
Communications Department
various state departments; the selected
(ITE&C), GoTS;
enterprises can be nurtured as role-model
enterprises across the country55. • T-Wallet (ITE&C), GoTS;
Digital Economies and Market Access
• Private sector players (viz. QMart and
Long-term
Meesho);
• Close the digital divide and invest in • Fintech platforms (viz. Dvara);
digital skills by addressing worker's rights
such as the right to disconnect and safety • Civil Supplies Department, GoTS;
of workers' data to prepare for online • Agricultural Marketing Department,
economies56. GoTS.
• Market products by self-help group
enterprises on e-commerce platforms57.
• Harness the potential of simple ICT
platforms such as WhatsApp to boostRecovery Roadmap for Micro and Small Enterprises in Telangana | 7
3. Fiscal and Financial Policy
The lockdown had a significant impact on affected MSMEs through equity/quasi-
business cash flows and access to credit. equity restart funds68 and tax waiver/relief
On average, surveyed microenterprises that on compliance69,70. Special attention can
were operational during the lockdown in be given to gender-specific measures like
June 2020 reported a revenue of only 28% tax exemptions and deferred payments
of their regular revenue60. 63% of enterprises for women entrepreneurs71,72.
surveyed in another study in May 2020 did
• Other measures that can be considered
not approach a bank for additional funding
are liquidating outstanding receivables
in 2020. The informal sources of credit
of MSMEs from private sector (non-
utilised by MSMEs came with a higher 'crisis'
government/non-PSU) buyers at the
interest61. Small firms supplying mainly to the
earliest to help strengthen the supply
government did not significantly improve
chain73; expediting tax refunds such as the
financial security; 53% of their payments
GST74,75.
were expected to be delayed by at least a
quarter61. • Bridge financing in the form of interest-
free76 or low-interest micro-loans in the
In June-July 2020, over 50% of the women- short-term can aid vulnerable groups like
led enterprises surveyed were providing women entrepreneurs in particular77,78;
goods on credit, and 80% of surveyed involving CSR initiatives and other
women did not take any business-related financial investors in this effort can boost
loans, with over three-quarters of women the reach and impact79. While offering
entrepreneurs dipping into their personal bridge financing such as factoring and
savings64. In the WE Hub survey, among bill discounting, it can be beneficial
start-ups, 56% cited interest-free or low- to identify businesses that have long-
interest rate loans as the most effective relief standing relationships with customers,
measure for their enterprise. thereby ensuring low default rates.
Moreover, 33.3% of businesses in the ideation • Identify priority sectors for lending
or proof-of-concept stage were concerned and/or rebates80 in consultation with
about exhausting their bootstrapping funds, stakeholders and subsequently mandating
whereas most businesses (19%) in the go- a portion of CSR funds to be dedicated
to-market and acceleration stage were towards MSME recovery in Telangana.
concerned about managing their operating
• Collaborations between entities at state-
expenses65. Thus, sustained fiscal and
level (e.g. WE Hub and SLBC) can focus
financial support will prove vital in easing
on improving women-led enterprises’
the liquidity crisis and enabling recovery
access to and eligibility for credit
of MSMEs in the short- and medium-term
funding in order to help increase their
Fiscal and Financial Policy
horizon. creditworthiness81.
Recommendations: Medium-term
• Targeted efforts towards improving credit
Short-term scores of women-led enterprises are
needed and efforts must be dedicated
• The restructuring measures66,67, introduced to increasing asset ownership, which can
by the Reserve Bank of India (RBI) to be used to furnish collateral for loans82,
address limited access to liquidity should especially since this is a significant hurdle
be extended and continued; additional for women entrepreneurs in India83.
financial support should be provided to8 | Recovery Roadmap for Micro and Small Enterprises in Telangana
Long-term
Key Stakeholders
• Artificial intelligence (AI) and data
Fiscal & Financial Policy
analytics can be harnessed to help
financiers determine optimal ticket sizes
• Reserve Bank of India (RBI);
and reduce servicing costs of loans for
MSMEs84. • State Level Bankers' Committee,
Telangana (SLBC);
• National Bank for Agriculture and
Rural Development (NABARD), GoI;
• Small Industries Development Bank
of India (SIDBI);
• Khadi Village Industries Corporation
(KVIC), GoI;
• Tribal Cooperative Finance
Corporation Ltd. (TRICOR), Tribal
Welfare Department (TWD), GoTS;
• SC, ST, and BC Corporations, GoTS;
• Stree Nidhi Bank, Telangana.
Fiscal and Financial PolicyRecovery Roadmap for Micro and Small Enterprises in Telangana | 9
4. Retraining and Skill Upgradation
As the economy slowly recovers, it is led enterprises can be assisted through
expected that workers will have to be basic business training in areas like
retrained and upgrade their skills to basic accounting and bookkeeping
be reabsorbed in the workforce; this is skills, and management techniques.
particularly relevant for bringing those There is also some evidence to suggest
engaged in the informal sector into the that peer involvement in business
formal fold85. Only 5% of surveyed firms training helps increase its subsequent
accessed existing government schemes uptake, as well as that of business loans,
that provide training in digital marketing and further increases business activity
and sales for MSMEs, and a mere 4.5% among women entrepreneurs93.
articulated the need for support to address
• Making training content accessible
labour or skills shortages to resume normal
through mobile-based rules of thumb
operations86.
has also been linked with improved
For instance, evidence suggests that business practices and better business
know-how of the latest technologies outcomes94.
among women entrepreneurs tends to • Entrepreneurship Development
impact business operations positively and Programs (EDP) can be held free of
affects success87; government initiatives cost for women-led businesses at
are observed to be the most important different stages and scales of enterprise
technology innovation influencers for to develop business acumen and
small firms88. Thus, policy measures that managerial skills95.
consistently encourage skill up-gradation
and retraining spearheaded by the relevant Medium-term
stakeholders will be essential in the recovery
• It is essential to re-train/upgrade
of the MSME sector.
existing skills of entrepreneurs, and
build digital skills and capabilities for
Recommendations: workers, especially women, to enable
them to transition into new sectors,
Short-term due to anticipated changes within the
labour market96,97,98.
• MSME efforts can be redirected towards
• Investments are needed in
government procurement of masks,
entrepreneur-specific training,
soaps and other COVID-19 related
Retraining and Skill Upgradation
technical skills upgradation, training
essentials in rural areas where they
for diversification, business acumen
are in short supply89,90,91; ensuring a
training and job placement programs
streamlined, efficient, and transparent
for women to access jobs in industries
approach in selection, product
responsive to COVID-19 (e.g.,
standardisation, quality control, timely
health care product manufacturing,
payments, and transparent procedures
information/communications
in all stages of the procurement
technology)99. Further, as evidence
process.
suggests, training has a larger impact
• Evidence suggests that providing on female entrepreneurship when it is
business training and mentoring can combined with ancillary support such as
help women entrepreneurs achieve access to finance, technical assistance,
better financial, managerial, and or mentorship100.
attitudinal outcomes92; thus, women-10 | Recovery Roadmap for Micro and Small Enterprises in Telangana
Long-term Key Stakeholders
Retraining & Skill Upgradation
• Consistent efforts will be needed towards
building human capital in the long run - by
investing in informal workers' capacities
through technical and business skills • Commissionerate of Industries (CoI),
training, finance and enterprise support GoTS
to help bring them into the formal fold101 • Ministry of Micro, Small, and Medium
and adapt to structural shifts such as Enterprises-Development Institute
increasing automation, digitisation, and (MSME-DI) Hyderabad, GoI;
green growth.
• Labour Department, GoTS;
• WE Hub Foundation, Information
Technology, Electronics &
Communications Department
(ITE&C), GoTS;
• Society for Elimination Rural Poverty
(SERP), Panchayat Raj & Rural
Development Department (PR&RD),
GoTS;
• Telangana State Mission for
Elimination of Poverty in Municipal
Areas (TSMEPMA), Department of
Municipal Administration & Urban
Development (MA&UD), GoTS;
• Tribal Cooperative Finance
Corporation Ltd. (TRICOR), Tribal
Welfare Department (TWD), GoTS;
• Central Institute of Petrochemicals
Engineering & Technology: Centre
for Skilling and Technical Support
(CIPET:CSTS), GoI;
• Indian Institute of Packaging (IIP),
GoI;
• Entrepreneurship Development
Institutes (EDIs) in Telangana,
Retraining and Skill Upgradation
• District Rural Development Agency
(DRDAs) in Telangana;
• Telangana Academy for Skill and
Knowledge (TASK), Information
Technology, Electronics &
Communications Department
(ITE&C), GoTS;
• T-SAT Network, Information
Technology, Electronics &
Communications Department
(ITE&C), GoTS,
• CSR initiatives.Recovery Roadmap for Micro and Small Enterprises in Telangana | 11
5. Safe, Accessible Workplaces and
Inclusive Measures for Workers
As the pandemic and the response to it Long-term
continue to evolve with new variants and
spikes in the number of cases across the • Time poverty and the double burden
country, workers' well-being has become an of care work is a well-documented
important factor for small firms. Surveyed barrier faced by women entrepreneurs107.
employers reported concerns regarding Providing access to creche amenities,
safe passage for their outstation workers, better community infrastructure, and
infection and transmission among employees strengthening community networks can
in the workplace, and a gap in institutional help reduce the burden of unpaid care
support during the crucial initial weeks work, especially in times of distress108.
of the lockdown102. Further, while 59% of • Gender experts must be included in the
surveyed firms did not employ any women design and implementation of economic
before the pandemic, by October 2020, this recovery programmes to ensure that
number had further increased to 65%103. gender-specific considerations and needs
Around 67% of surveyed MSMEs were not are adequately represented109.
required to make an ESIC contribution for
their workers104. For a robust, long-term
recovery of the MSME sector, efforts must be
made to make workplaces safe, accessible
Safe, Accessible Workplaces and Inclusive Measures for Workers
and inclusive for workers from diverse Key Stakeholders
segments.
Safe, Accessible Workplaces
Recommendations:
• Employers;
• Ministry of Ministry of Micro, Small,
Short-term
and Medium Enterprises (MSME), GoI;
• Workplaces must be made safe • Labour Department, GoTS;
and accessible by putting in place
occupational safety and health (OSH) • Health Department, GoTS and private
measures, and provide social protection hospitals,
coverage, anti-discrimination as well • CSR initiatives;
as special measures for persons with
• Department of Women Development
disabilities (PWD)105.
& Child Welfare (WDCW), GoTS;
Medium-term • Social Welfare Department, GoTS;
• Including the families of women • State Commissioner for Persons with
entrepreneurs in incubation programs Disabilities (SCPD), GoTS.
during the induction or specific relevant
modules can help them understand the
long-term financial and societal benefits
of entrepreneurship106.12 | Recovery Roadmap for Micro and Small Enterprises in Telangana
6. Regulatory Measures
While the new classification of MSMEs, • Voluntary registration policies can
notified in June 2020, is expected to result in significant gains in sales and
improve the ease of doing business for small value addition for micro-enterprises117,
firms110, a significant portion of the country's and assistance with business and
small businesses are outside the purview of tax registration and information
the formal sector. In Telangana alone, there dissemination regarding formalisation is
are an estimated 11.43 lakh unincorporated linked to improved odds of registration
non-agricultural enterprises111. for micro-enterprises118. Thus, conducting
business registration drives for informal
In June-July 2020, unregistered women- businesses with on-site kiosks for PAN
led enterprises reported 1.4 times more and/or UIDAI can help increase the
permanent closures than their registered formalisation of businesses in the short
counterparts112, highlighting the skewed term.
impact of the pandemic on informal
enterprises. While the most urgent needs • At present, different ministries often
reported by surveyed MSMEs were financial have different approaches and databases
in nature, such as interest-free/low-interest for the implementation of schemes. To
loans, tax waivers, credit guarantees etc., aid in convergence and ease of access,
17.5% of enterprises also reported the need a certification mechanism for women
for support for own-account activity113. entrepreneurs across businesses at all
stages can be introduced by WE Hub.
Nearly 61% of these surveyed MSMEs either This can include introducing guidelines
did not apply for government assistance to define and identify women-owned
or had not received the benefits they enterprises; developing a framework for
had claimed under various schemes; a accelerating due diligence of applications
further 7.4% reported having applied but by women-led businesses within a defined
not receiving any response114. Concerted timeframe, and constituting a physical
efforts to improve outreach and awareness, verification process of the enterprise
simplification of processes, and incentivising and an interview with the women
compliance are vital to ensure a sustainable entrepreneur before certification119.
recovery.
• Women-led businesses across the
state can be aided in the formalisation
Recommendations: process through a streamlined, integrated
database that can be utilised for
Short-term operationalising various schemes and
submitting data to DPIIT and MSME. This
• Remote working opportunities should be effort will also help create a geographical
enhanced through policy considerations map of women-led businesses across
such as organisation and representation sectors, stages of business and their
Regulatory Measures
of own-account and MSME workers115. employment generation potential120.
• Policy and regulatory frameworks can be Medium-term
streamlined to ensure that digitisation
occurs rapidly and private sector • To bring informal enterprises into the
initiatives that help small retailers are formal fold, the process of acquiring
facilitated116. Business Aadhaar/Udyam numbers/Recovery Roadmap for Micro and Small Enterprises in Telangana | 13
Company Incorporation Documents to medium and long-term reforms and
should be simplified and made more policies necessary to support enterprise
affordable for informal sector enterprises recovery130, including improving the
and women entrepreneurs121; pairing this overall business environment around
effort with incentives such as hassle-free infrastructure, power, regulatory services,
business license requirements, waivers on and labour laws131.
utilities, training on business planning122
• Remote working avenues can be
will also help in formalisation of informal
enhanced through policies such as home-
sector enterprises.
business licensing132 .
• Collaboration with entities such as CIPET,
• Public expenditure efficiency should
NIN, IIP, CITD can help provide consultant-
be improved through good governance
based services for women entrepreneurs,
to prioritise the goals under the MSME
including support for packaging,
sector, identify indicators, assess the gaps
certification, quality verification, IP and
and the financial needs, and integrate the
licensing, and access to land banks123.
findings with the overall macroeconomic
• Collecting gender-disaggregated data framework133.
to inform policies and programs124 and
• Formalisation of informal enterprises/
involving women at the micro, meso
economy should be prioritised in
and macro levels of decision making
national policies134 by expanding the
should be a core focus of institutional
social security net to workers in informal
initiatives125. Similarly, a review of existing
enterprises135. The formalisation of
policies must be undertaken to ensure
MSMEs can also be aided by giving
that they are gender-intentional in their
special consideration to enterprise size
approach.
in tax administration while avoiding the
• Private-sector partnerships with the creation of enterprise growth traps136.
National Rural Livelihoods Mission and
• Targeted support is needed for sector-
SERP can be encouraged to optimise
specific strategies along with sustainable
business processes through technology,
industrial policies to aid in recovery and
high-quality business advisory services,
long-term growth137.
access to markets and innovative financial
products126. Integrating Self-Help Groups • More sustained public-private
(SHGs) engaged in handicrafts and partnerships138 can bring in innovative
handlooms with end-to-end value chains, solutions and financial resources to the
through public-private partnerships127, has recovery process in the long-term139.
demonstrated positive results in other • Investment should be made in diverse
regions; similar models can be tested and forms of environmentally sustainable,
established in Telangana. low-emission infrastructure to support
• A system can be created for the training employment creation and income
and accreditation of service providers in generation140, to ultimately build a more
the entrepreneurial ecosystem128. inclusive and sustainable MSME sector141.
• Inter- and intra- ministerial convergence • The use of point-of-sale (POS) devices,
should be explored in order to create digital payments, and debit and credit
Regulatory Measures
new opportunities and avenues for payments, and alternative credit scoring
collaboration between Ministry of Rural mechanisms can be encouraged to
Development (NREGA, NRLM), Ministry evaluate creditworthiness, and reduce
of New & Renewable Energy, Ministry of the cost of servicing businesses that lack
Textiles, among others129. collateral142.
• Efforts should be made to strengthen
Long-term
supply chain management practices
• A smooth, sustained transition is needed (e.g., less just-in-time stock control and
from immediate short-term measures more stockpiling) and promote industrial14 | Recovery Roadmap for Micro and Small Enterprises in Telangana
restructuring and an ecosystem that
integrates competitive and productive Key Stakeholders
MSMEs143. Regulatory Measures
• A more resilient economy and
environment for MSMEs can be envisaged • Commissionerate of Industries, (CoI),
using the Eco-centric Business Continuity GoTS;
Planning (BCP) approach consisting of
components such as reskilling, digital • Telangana State Industrial
literacy, cluster formation, process Infrastructure Corporation Ltd.
(TSIIC), GoTS;
mapping, incentives and additional
loans, effluent and emission treatment, • Technology, Electronics &
third-party checking and certification, Communications Department
circular economy, austerity measures and (ITE&C), GoTS;
environmental pricing of produce144.
• Private players and e-commerce
platforms.
Regulatory MeasuresRecovery Roadmap for Micro and Small Enterprises in Telangana | 15 Acknowledgements The following delegates and stakeholders participated in the consultation meeting: Mr. Jayesh Ranjan, IAS Principal Secretary of the Industries & Commerce (I & C) and Information Technology (IT) Departments, Government of Telangana Mr. Rajkumar Ohatker Additional Director, Commissionerate of Industries Mr. D. Chandrasekhar Additional Industrial Adviser, MSME DI Mr. EV Narasimha Reddy Managing Director, TSIIC Mr. Obul Reddy Assistant General Manager, State level Bankers Committee Mr. T Srinath Rao Director, SERP Telangana Ms. Nalini Padmavathi Additional Mission Director, MEPMA Mr. K Shankar Rao Deputy General Manager, TRICOR Ms. Deepthi Ravula CEO, WE Hub Team Author: Aishwarya Joshi Technical Inputs: Mridulya Narasimhan, Sruthi Niveditha Kande, VL Narasimhan Rajana Editorial Inputs: Diksha Singh, Preethi Rao Design: Sakthivel Arumugam, Allan Macdonald
16 | Recovery Roadmap for Micro and Small Enterprises in Telangana
Endnotes:
1
MSME Annual Report 2019-20. Available at: https:// 14
Resilience to Growth: Supporting Women-
msme.gov.in/sites/default/files/FINAL_MSME_ Led Rural Micro-Enterprises through COVID-19
ENGLISH_AR_2019-20.pdf. MSME Annual Report 2019- and Beyond (webinar series), LEAD at Krea
20 University, July 2020. Available at: https://
youtube.com/playlist?list=PLBx0aBTBm0LQA_
2
Rathore, Udayan and Khanna, Shantanu, From hwVU4ioQuIu7GnolWX-
Slowdown to Lockdown: Effects of the COVID-19 Crisis
on Small Firms in India (May 31, 2020). Available at 15
The World of Work and COVID-19, United Nations,
SSRN: https://ssrn.com/abstract=3615339 or http:// June 2020. Available at: https://www.un.org/sites/un2.
dx.doi.org/10.2139/ssrn.3615339 un.org/files/the_world_of_work_and_covid-19.pdf
3
A survey was conducted by WE Hub in May 2021 to 16
Guidance Note for Action: Supporting SMEs to Ensure
understand the impact of the pandemic on MSMEs and the Economic COVID-19 Recovery is Gender-Responsive
startups. The sample included 273 enterprises and start- and Inclusive, UN Women Asia and the Pacific, 2020.
ups. Available at: https://asiapacific.unwomen.org/en/digital-
library/publications/2020/04/guidance-note-for-action-
4
Findings from the WE Hub survey, conducted in May supporting-smes-to-ensure-the-economic-covid-19-
2021. recovery
5
Findings from the WE Hub survey, conducted in May Resilience to Growth: Supporting Women-
17
2021. Led Rural Micro-Enterprises through COVID-19
and Beyond (webinar series), LEAD at Krea
6
Narasimhan, M., Morchan, K., Bargotra, N., Wangchuk, University, July 2020. Available at: https://
R. (2020). COVID-19 Enterprise Response Research. youtube.com/playlist?list=PLBx0aBTBm0LQA_
LEAD at Krea University. Available at: https://ifmrlead. hwVU4ioQuIu7GnolWX-
org/wp-content/uploads/2021/02/CERR-Findings-
Final_Dissemination.pdf 18
Izugbara, C., Schaub, E., Bhatti, A., Marlow, H. &
Hinson, L. (2020). Women-owned Informal Enterprises
7
Narasimhan, M., Morchan, K., Bargotra, N., Wangchuk, in the Developing World: Strategies for a Post-COVID-19
R. (2020). COVID-19 Enterprise Response Research: A Recovery. Washington, DC: International Center for
resurvey of closed enterprises. LEAD at Krea University. Research on Women. ICRW, 2021. https://www.icrw.org/
Available at: https://ifmrlead.org/wp-content/ publications/women-owned-informal-enterprises-in-
uploads/2021/02/CERR-Findings-Final_Dissemination. the-developing-world/
pdf
19
Resilience to Growth: Supporting Women-
9
Krishnarajapet V. Ramaswamy. Impact of COVID-19: Led Rural Micro-Enterprises through COVID-19
Micro, Small and Medium Enterprises in India, Pandemic and Beyond (webinar series), LEAD at Krea
Shock of COVID-19 and Policy Response: A Bird’s Eye University, July 2020. Available at: https://
View. KIEP Visiting Scholars Program Visiting Scholars’ youtube.com/playlist?list=PLBx0aBTBm0LQA_
Opinion Paper - Crisis and Fragility: Economic Impact hwVU4ioQuIu7GnolWX-
of COVID-19 and Policy Responses. Available at:
http://www.igidr.ac.in/wp-content/uploads/2021/02/ 20
The World of Work and COVID-19, United Nations,
opinionPaper.pdf. June 2020. Available at: https://www.un.org/sites/un2.
un.org/files/the_world_of_work_and_covid-19.pdf
10
Izugbara, C., Schaub, E., Bhatti, A., Marlow, H. &
Hinson, L. (2020). Women-owned Informal Enterprises Resilience to Growth: Supporting Women-
21
in the Developing World: Strategies for a Post-COVID-19 Led Rural Micro-Enterprises through COVID-19
Recovery. Washington, DC: International Center for and Beyond (webinar series), LEAD at Krea
Research on Women. ICRW, 2021. https://www.icrw.org/ University, July 2020. Available at: https://
publications/women-owned-informal-enterprises-in- youtube.com/playlist?list=PLBx0aBTBm0LQA_
the-developing-world/ hwVU4ioQuIu7GnolWX-
11
Building forward better and more equitable: gendered 22
COVID-19 Enterprise Response Research Survey
impacts of the pandemic (panel discussion as a part of (CERR), STREE, LEAD at Krea University, June-July
the GLocal Evaluation Week 2021), IWWAGE, June 2021 2020. Available at: https://ifmrlead.org/wp-content/
(archived recording to be made available on : https:// uploads/2021/04/CERR-Findings-Final_Dissemination.
iwwage.org/webinar). pdf
12
Pandey, Radhika and Amrita Pillai, Covid-19: Rescuing 23
Entrepreneurship Development Interventions for
the MSME Sector (April 08 2020), Bloomberg Quint. Women Entrepreneurs: An update on what works, ILO,
Available at: https://www.bloombergquint.com/ January 2018. Available at: https://www.ilo.org/wcmsp5/
coronavirus-outbreak/covid-19-rescuing-the-msme- groups/public/---ed_emp/---emp_ent/---ifp_seed/
sector documents/briefingnote/wcms_616804.pdf
COVID-19 and Women’s Economic Empowerment
13 24
COVID-19 Enterprise Response Research Survey
Background Guide for Policymakers, CWEEE, February (CERR), STREE, LEAD at Krea University, June-July
2021. Available at: https://www.icrw.org/wp-content/ 2020. Available at: https://ifmrlead.org/wp-content/
uploads/2021/04/CWEEE-COVID-Brief-UPDATE_ uploads/2021/04/CERR-Findings-Final_Dissemination.
Feb.2021.pdf pdfRecovery Roadmap for Micro and Small Enterprises in Telangana | 17
25
Resilience to Growth: Supporting Women- of the Industry Report on Mobile Money 2021. GSM
Led Rural Micro-Enterprises through COVID-19 Association. Available at: https://www.gsma.com/
and Beyond (webinar series), LEAD at Krea mobilefordevelopment/wp-content/uploads/2021/03/
University, July 2020. Available at: https:// GSMA_State-of-the-Industry-Report-on-Mobile-
youtube.com/playlist?list=PLBx0aBTBm0LQA_ Money-2021_Full-report.pdf.
hwVU4ioQuIu7GnolWX-
37
Rathore, Udayan and Khanna, Shantanu, From
26
Field, E., Pande, R., Papp, J., and Rigol, N. (2014) Slowdown to Lockdown: Effects of the COVID-19 Crisis
“Does the classic microfinance model discourage on Small Firms in India (May 31, 2020). Available at
entrepreneurship among the poor? Experimental SSRN: https://ssrn.com/abstract=3615339 or http://
evidence from India.” The American Economic Review dx.doi.org/10.2139/ssrn.3615339.
103, no. 6: 2196-2226. Available at https://economics.mit.
edu/files/13886.
38
Situation analysis on the COVID-19 pandemic's impact
on enterprises and workers in the formal and informal
27
Guidance Note for Action: Supporting SMEs to Ensure economy in India, ILO DWT for South Asia and Country
the Economic COVID-19 Recovery is Gender-Responsive Office for India, International Labour Organisation,
and Inclusive, UN Women Asia and the Pacific, 2020. 2021. Available at https://www.ilo.org/wcmsp5/
Available at: https://asiapacific.unwomen.org/en/digital- groups/public/---asia/---ro-bangkok/---sro-new_delhi/
library/publications/2020/04/guidance-note-for-action- documents/publication/wcms_798079.pdf.
supporting-smes-to-ensure-the-economic-covid-19-
recovery Findings from the WE Hub survey, conducted in May
39
2021.
28
Resilience to Growth: Supporting Women-
Led Rural Micro-Enterprises through COVID-19
40
Findings from the WE Hub survey, conducted in May
and Beyond (webinar series), LEAD at Krea 2021.
University, July 2020. Available at: https://
youtube.com/playlist?list=PLBx0aBTBm0LQA_
41
The World of Work and COVID-19, United Nations,
hwVU4ioQuIu7GnolWX- June 2020. Available at: https://www.un.org/sites/un2.
un.org/files/the_world_of_work_and_covid-19.pdf
29
Results Brief: Rural Women Collectives in India-
Translating Agency into Economic Empowerment, The
42
Enabling Environment for Sustainable Enterprises and
World Bank, September 10, 2019. Available at: https:// the Post COVID-19 Rapid Response, ILO, June 2020.
www.un.org/sites/un2.un.org/files/the_world_of_work_ Available at: https://www.ilo.org/wcmsp5/groups/
and_covid-19.pdf public/---ed_emp/---emp_ent/documents/publication/
wcms_750320.pdf
30
The World of Work and COVID-19, United Nations,
June 2020.
43
Izugbara, C., Schaub, E., Bhatti, A., Marlow, H. &
Hinson, L. (2020). Women-owned Informal Enterprises
Resilience to Growth: Supporting Women-
31 in the Developing World: Strategies for a Post-COVID-19
Led Rural Micro-Enterprises through COVID-19 Recovery. Washington, DC: International Center for
and Beyond (webinar series), LEAD at Krea Research on Women. ICRW, 2021. https://www.icrw.org/
University, July 2020. Available at: https:// publications/women-owned-informal-enterprises-in-
youtube.com/playlist?list=PLBx0aBTBm0LQA_ the-developing-world/
hwVU4ioQuIu7GnolWX-
44
COVID-19 Enterprise Response Research Survey
32
Stakeholder Consultation Meeting on Women (CERR), STREE at LEAD at Krea University, June-July
Entrepreneurship in Telangana, WE Hub Foundation, 2020. Available at: https://ifmrlead.org/wp-content/
March 02, 2021. uploads/2021/04/CERR-Findings-Final_Dissemination.
pdf
33
Stakeholder Consultation Meeting on Women
Entrepreneurship in Telangana, WE Hub Foundation,
45
Guidance Note for Action: Supporting SMEs to Ensure
March 02, 2021. the Economic COVID-19 Recovery is Gender-Responsive
and Inclusive, UN Women Asia and the Pacific, 2020.
34
Krishnarajapet V. Ramaswamy. Impact of COVID-19:
Micro, Small and Medium Enterprises in India, Pandemic
46
Resilience to Growth: Supporting Women-
Shock of COVID-19 and Policy Response: A Bird’s Eye Led Rural Micro-Enterprises through COVID-19
View. KIEP Visiting Scholars Program Visiting Scholars’ and Beyond (webinar series), LEAD at Krea
Opinion Paper - Crisis and Fragility: Economic Impact University, July 2020. Available at: https://
of COVID-19 and Policy Responses. Available at: youtube.com/playlist?list=PLBx0aBTBm0LQA_
http://www.igidr.ac.in/wp-content/uploads/2021/02/ hwVU4ioQuIu7GnolWX-
opinionPaper.pdf.
47
Venkatesh, Viswanath and Shaw, Jason D. and Sykes,
35
Krishnarajapet V. Ramaswamy. Impact of COVID-19: Tracy Ann and Wamba, Samuel Fosso and Macharia,
Micro, Small and Medium Enterprises in India, Pandemic Mary, Networks, Technology, and Entrepreneurship: A
Shock of COVID-19 and Policy Response: A Bird’s Eye Field Quasi-Experiment among Women in Rural India
View. KIEP Visiting Scholars Program Visiting Scholars’ (August 27, 2017). Academy of Management Journal,
Opinion Paper - Crisis and Fragility: Economic Impact Vol. 60, No. 5, pp. 1709-1740, 2017, Available at SSRN:
of COVID-19 and Policy Responses. Available at: https://ssrn.com/abstract=3682032.
http://www.igidr.ac.in/wp-content/uploads/2021/02/
opinionPaper.pdf.
48
Hieu, Vu & Nwachukwu, Chijioke. (2020). Constraints
and Enablers to Growth of Female-Owned Businesses:
36
Simon K. Andersson-Manjang Nika Naghavi. State Empirical Review. Available at https://www.researchgate.18 | Recovery Roadmap for Micro and Small Enterprises in Telangana
net/publication/346644272_Constraints_and_Enablers_ on Small Firms in India (May 31, 2020). Available at
to_Growth_of_Female-Owned_Businesses_Empirical_ SSRN: https://ssrn.com/abstract=3615339 or http://
Review. dx.doi.org/10.2139/ssrn.3615339.
49
Enabling Environment for Sustainable Enterprises and 62
Rathore, Udayan and Khanna, Shantanu, From
the Post COVID-19 Rapid Response, ILO, June 2020. Slowdown to Lockdown: Effects of the COVID-19 Crisis
Available at: https://www.ilo.org/wcmsp5/groups/ on Small Firms in India (May 31, 2020). Available at
public/---ed_emp/---emp_ent/documents/publication/ SSRN: https://ssrn.com/abstract=3615339 or http://
wcms_750320.pdf dx.doi.org/10.2139/ssrn.3615339.
50
Digitising Indian Retail: Analysing Challenges and 63
Narasimhan, M., Morchan, K., Bargotra, N., Wangchuk,
Exploring Growth Models, ORF, March 2021. Available R. (2020). COVID-19 Enterprise Response Research.
at: https://www.orfonline.org/research/digitising-indian- LEAD at Krea University. Available at: https://ifmrlead.
retail-analysing-challenges-and-exploring-growth- org/wp-content/uploads/2021/02/CERR-Findings-
models/ Final_Dissemination.pdf
51
Iacovone, Leonardo and David McKenzie. 64
Findings from the WE Hub survey, conducted in May
“Shortening Supply Chains: Experimental Evidence 2021.
from Fruit and Vegetable Vendors in Bogota”
Innovations for Poverty Action, 2018, https://www.
65
Findings from the WE Hub survey, conducted in May
poverty-action.org/study/using-technology-improve- 2021.
microentrepreneurs%E2%80%99-supply-chain-
colombia.
66
Provision by RBI of Rs 16,000 crore to SIDBI to meet
the short- and medium-term credit requirements of
52
Enabling Environment for Sustainable Enterprises and micro, small and medium enterprises and an expansion
the Post COVID-19 Rapid Response, ILO, June 2020. of the loan restructuring window for loans taken by
Available at: https://www.ilo.org/wcmsp5/groups/ individuals and MSMEs, with the eligibility limit for
public/---ed_emp/---emp_ent/documents/publication/ debt doubled to Rs 50 crore; announced in June 2021.
wcms_750320.pdf Source: https://www.rbi.org.in/Scripts/NotificationUser.
aspx?Id=12105&Mode=0.
53
Digitising Indian Retail: Analysing Challenges and
Exploring Growth Models, ORF, March 2021. Available
67
Resilience to Growth: Supporting Women-
at: https://www.orfonline.org/research/digitising-indian- Led Rural Micro-Enterprises through COVID-19
retail-analysing-challenges-and-exploring-growth- and Beyond (webinar series), LEAD at Krea
models/ University, July 2020. Available at: https://
youtube.com/playlist?list=PLBx0aBTBm0LQA_
54
Pandey, Radhika and Amrita Pillai, Covid-19: Rescuing hwVU4ioQuIu7GnolWX-
the MSME Sector (April 08 2020), Bloomberg Quint.
68
Exiting the Lockdown: Restart-up fund for MSMEs
55
Stakeholder Consultation Meeting on Women required urgently, ORF, July 2020.
Entrepreneurship in Telangana, WE Hub Foundation,
March 02, 2021.
69
Rathore, Udayan and Khanna, Shantanu, From
Slowdown to Lockdown: Effects of the COVID-19 Crisis
56
The World of Work and COVID-19, United Nations, on Small Firms in India (May 31, 2020). Available at
June 2020. Available at: https://www.un.org/sites/un2. SSRN: https://ssrn.com/abstract=3615339 or http://
un.org/files/the_world_of_work_and_covid-19.pdf dx.doi.org/10.2139/ssrn.3615339.
57
Resilience to Growth: Supporting Women- 70
Samaddar, A., Sreenivas, N., & Ghosh, U. (2020). Policy
Led Rural Micro-Enterprises through COVID-19 Responses to Pandemic-Posed Economic Challenges:
and Beyond (webinar series), LEAD at Krea A Sectoral Preparedness Guideline for the Indian
University, July 2020. Available at: https:// Recovery. Journal of Economics & Policy Analysis, 1(1),
youtube.com/playlist?list=PLBx0aBTBm0LQA_ 141–156. Retrieved from http://jepa.casprindia.org/index.
hwVU4ioQuIu7GnolWX- php/home/article/view/10.
58
Resilience to Growth: Supporting Women-Led Rural COVID-19 and Women’s Economic Empowerment
71
Micro-Enterprises through COVID-19 and Beyond Background Guide for Policymakers, CWEEE, February
(webinar series), LEAD at Krea University, July 2020. 2021. Available at: https://www.icrw.org/wp-content/
uploads/2021/04/CWEEE-COVID-Brief-UPDATE_
59
Malhotra Anju, Anjala Kanesathasan, and Payal Patel. Feb.2021.pdf
Connectivity: How Mobile Phones, Computers and the
Internet Can Catalyze Women’s Entrepreneurship, ICRW, 72
Guidance Note for Action: Supporting SMEs to Ensure
2012. Available at: https://www.icrw.org/wp-content/ the Economic COVID-19 Recovery is Gender-Responsive
uploads/2016/10/Connectivity-how-mobile-phones- and Inclusive, UN Women Asia and the Pacific, 2020.
computers-and-the-internet-can-catalyze-womens- Available at: https://asiapacific.unwomen.org/en/digital-
entrepreneurship.pdf library/publications/2020/04/guidance-note-for-action-
supporting-smes-to-ensure-the-economic-covid-19-
60
Sharon Buteau and Ashwin Chandrasekhar, “Covid-19: recovery
Assessing vulnerabilities faced by microenterprises”,
Ideas for India, July 31, 2020. https://www.ideasforindia. 73
Exiting the Lockdown: Restart-up fund for MSMEs
in/topics/macroeconomics/covid-19-assessing- required urgently, ORF, July 2020. Available at: https://
vulnerabilities-faced-by-microenterprises.html. www.orfonline.org/expert-speak/exiting-the-lockdown-
restart-up-fund-for-msmes-required-urgently
61
Rathore, Udayan and Khanna, Shantanu, From
Slowdown to Lockdown: Effects of the COVID-19 Crisis 74
Rathore, Udayan and Khanna, Shantanu, FromRecovery Roadmap for Micro and Small Enterprises in Telangana | 19
Slowdown to Lockdown: Effects of the COVID-19 Crisis 86
Situation analysis on the COVID-19 pandemic's impact
on Small Firms in India (May 31, 2020). Available at on enterprises and workers in the formal and informal
SSRN: https://ssrn.com/abstract=3615339 or http:// economy in India, ILO DWT for South Asia and Country
dx.doi.org/10.2139/ssrn.3615339. Office for India, International Labour Organisation,
2021. Available at https://www.ilo.org/wcmsp5/
75
Ghosh, Sangeeta. Examining the COVID-19 Relief groups/public/---asia/---ro-bangkok/---sro-new_delhi/
Package for MSMEs. EPW, May 2020. Available at: documents/publication/wcms_798079.pdf.
https://www.epw.in/online_issues/10_EPW_Vol_LV_
No_22.pdf#page=10 87
Dhaliwal, Amandeep & Sahay, Arunaditya. (2021).
Factors influencing the success of women entrepreneurs
76
Rathore, Udayan and Khanna, Shantanu, From in Emerging Markets: A Study of Indian women
Slowdown to Lockdown: Effects of the COVID-19 Crisis entrepreneurs. Journal of Asia Entrepreneurship and
on Small Firms in India (May 31, 2020). Available at Sustainability; Tauranga Vol. 16, Iss. 2, (May 2020): 21-72,
SSRN: https://ssrn.com/abstract=3615339 or http:// https://www.researchgate.net/publication/350787013_
dx.doi.org/10.2139/ssrn.3615339. Factors_influencing_the_success_of_women_
entrepreneurs_in_Emerging_Markets_A_Study_of_
77
COVID-19 Enterprise Response Research Survey Indian_women_entrepreneurs.
(CERR), STREE at LEAD at Krea University, June-July
2020. Available at: https://ifmrlead.org/wp-content/ 88
Singh, D., Khamba, J.S. and Nanda, T. (2017),
uploads/2021/04/CERR-Findings-Final_Dissemination. "Influence of technological innovation on performance
pdf of small manufacturing companies", International
Journal of Productivity and Performance Management,
78
Guidance Note for Action: Supporting SMEs to Ensure Vol. 66 No. 7, pp. 838-856. https://doi.org/10.1108/
the Economic COVID-19 Recovery is Gender-Responsive IJPPM-02-2016-0035.
and Inclusive, UN Women Asia and the Pacific, 2020.
Available at: https://asiapacific.unwomen.org/en/digital- 89
Building forward better and more equitable: gendered
library/publications/2020/04/guidance-note-for-action- impacts of the pandemic (panel discussion as a part of
supporting-smes-to-ensure-the-economic-covid-19- the GLocal Evaluation Week 2021), IWWAGE, June 2021
recovery (archived recording to be made available at https://
iwwage.org/webinars/).
79
Exiting the Lockdown: Restart-up fund for MSMEs
required urgently, ORF, July 2020. Available at: https:// 90
Guidance Note for Action: Supporting SMEs to Ensure
www.orfonline.org/expert-speak/exiting-the-lockdown- the Economic COVID-19 Recovery is Gender-Responsive
restart-up-fund-for-msmes-required-urgently and Inclusive, UN Women Asia and the Pacific, 2020.
Available at: https://asiapacific.unwomen.org/en/digital-
80
Post-Pandemic Economic Recovery: Seven Priorities library/publications/2020/04/guidance-note-for-action-
for India, ORF, January 2021. Available at: https://www. supporting-smes-to-ensure-the-economic-covid-19-
orfonline.org/research/post-pandemic-economic- recovery
recovery-seven-priorities-india/
91
Resilience to Growth: Supporting Women-
Stakeholder Consultation Meeting on Women
81
Led Rural Micro-Enterprises through COVID-19
Entrepreneurship in Telangana, WE Hub Foundation, and Beyond (webinar series), LEAD at Krea
March 02, 2021. University, July 2020. Available at: https://
youtube.com/playlist?list=PLBx0aBTBm0LQA_
82
Resilience to Growth: Supporting Women-
hwVU4ioQuIu7GnolWX-
Led Rural Micro-Enterprises through COVID-19
and Beyond (webinar series), LEAD at Krea 92
David McKenzie and Susana Puerto.”The Impacts of
University, July 2020. Available at: https:// Business Training and Mentoring for Women-Owned
youtube.com/playlist?list=PLBx0aBTBm0LQA_ Businesses in Kenya” (2016). Innovations for Poverty
hwVU4ioQuIu7GnolWX- Action, https://www.poverty-action.org/study/impacts-
business-training-and-mentoring-women-owned-
83
EdelGive Foundation, & IMPACT PSD Pvt. Ltd. (2020).
businesses-kenya.
A Landscape Study on Women Entrepreneurship:
Its challenges and impact on health, socio-economic 93
Field, Erica, Seema Jayachandran, Rohini Pande,
security and family wellbeing outcomes of Women and Natalia Rigol. 2016. "Friendship at Work: Can Peer
Entrepreneurs. Available at: https://cdn1.edelweissfin. Effects Catalyze Female Entrepreneurship?" American
com/wp-content/uploads/sites/3/2021/04/Landscape- Economic Journal: Economic Policy, 8 (2): 125-53. DOI:
Study-on-Women-Entrepreneurship_UdyamStree_By- 10.1257/pol.20140215.
EdelGive.pdf
94
Drexler, Alejandro, Greg Fischer, and Antoinette
84
Resilience to Growth: Supporting Women- Schoar. 2014. "Keeping It Simple: Financial Literacy and
Led Rural Micro-Enterprises through COVID-19 Rules of Thumb." American Economic Journal: Applied
and Beyond (webinar series), LEAD at Krea Economics, 6 (2): 1-31. DOI: 10.1257/app.6.2.1.
University, July 2020. Available at: https://
youtube.com/playlist?list=PLBx0aBTBm0LQA_ 95
Stakeholder Consultation Meeting on Women
hwVU4ioQuIu7GnolWX- Entrepreneurship in Telangana, WE Hub Foundation,
March 02, 2021.
85
Covid-19: An opportunity to redesign India’s formal-
informal economy dynamics, ORF, October 2020. 96
The World of Work and COVID-19, United Nations,
Available at: https://www.orfonline.org/expert-speak/ June 2020. Available at: https://www.un.org/sites/un2.
covid19-opportunity-redesign-india-formal-informal- un.org/files/the_world_of_work_and_covid-19.pdf
economy-dynamics/
97
COVID-19 and Women’s Economic EmpowermentYou can also read
