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Micro Businesses Showed Resilience to 3rd COVID Wave: 4Fin Report

Micro SMEs were better prepared during the 3rd wave to handle any disruptions which were caused due to the new variant and restrictions imposed.

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According to a fintech lending startup from Pune – 4Fin during the 3rd wave of pandemic, it has been reported that the Indian micro-SMEs were minimally impacted. The report also indicated that micro businesses showed more resilience throughout this time.

According to the study, Micro SMEs were better prepared during the 3rd wave to handle any disruptions which were caused due to the new variant and restrictions imposed.

They also appreciated the local authorities in controlling the spread of the virus in a pragmatic way rather than imposing complete lockdowns.

The aim of the fintech company is to focus on the largely untapped potential of this category by facilitating loans through a convenient and paperless process.

For the study, it contacted nuanced micro-SMEs from all over the country and surveys them regarding the impact of 3rd wave of covid-19.

With festival of Holi approaching next month, the Micro SMEs have expressed optimism in demand in near future.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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