{"id":16155,"date":"2020-08-19T19:23:27","date_gmt":"2020-08-19T19:23:27","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=16155"},"modified":"2020-08-19T19:23:27","modified_gmt":"2020-08-19T19:23:27","slug":"msmes-facing-existential-crisis-says-kassia","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=16155","title":{"rendered":"MSMEs facing existential crisis says KASSIA"},"content":{"rendered":"

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The small scale industry, which is vulnerable to shocks, has the least capacity to absorb them, and the pandemic has caused irreparable damage in a large number of cases, said KASSIA (Karnataka Small Scale Industries Association).<\/p>\n

\u201cIt is our rough estimate that about 20% may never be able to restart as a result of the disruptions caused by the pandemic,\u201d said K. Arasappa, president, KASSIA.<\/p>\n

He added that this is mainly due to the compounding of the already existent economic slowdown by the COVID-19 pandemic which has uprooted workers and production systems in factories.<\/p>\n

\u201cWe are suddenly faced with broken supply chains, cancelled orders, over-extended payments, loss of jobs and livelihood, loss of markets, and dried up financial sources posing a serious threat to our very existence,\u201d said Arasappa.<\/p>\n<\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The small scale industry, which is vulnerable to shocks, has the least capacity to absorb them, and the pandemic has caused irreparable damage in a large number of cases, said KASSIA (Karnataka Small Scale Industries Association). \u201cIt is our rough estimate that about 20% may never be able to restart […]<\/p>\n","protected":false},"author":1,"featured_media":383,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-16155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/06\/og-image.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/16155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16155"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/16155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/383"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}