{"id":9989,"date":"2020-06-12T06:51:52","date_gmt":"2020-06-12T06:51:52","guid":{"rendered":"\/blog\/?p=9989"},"modified":"2020-06-12T06:55:32","modified_gmt":"2020-06-12T06:55:32","slug":"how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/","title":{"rendered":"How SMEs and MSMEs can revive their business when the lockdown ends"},"content":{"rendered":"\n

The\nlockdown that has been enforced to contain the spread of coronavirus has hurt\ntrade, hampered supply, depleted workforce, and halted production. Businesses\nare struggling with challenges like restricted liquidity and a shortage of\ncash. <\/p>\n\n\n\n

The\nSME and MSME sectors generally operate on tight budgets and are, therefore,\nseverely affected. If you own one such small enterprise reeling under this\ncrisis, you must come up with a sound post-lockdown plan. It will enable you to\nrevive your business and recoup when conditions turn stable. Here are a few\nsuggestions to help you strategize:<\/p>\n\n\n\n

Assess your financial situation<\/strong><\/p>\n\n\n\n

  1. Update\nyour sales, cash flow, and profit and loss statements to discover how much your\nbusiness has been affected by the lockdown.<\/li>
  2. Evaluate\nall expenses to decide what can be eliminated or, at least, postponed.  <\/li>
  3. Try\nto renegotiate contracts and request for extensions on payment due dates.<\/li>
  4. The\nReserve Bank of India has announced a moratorium on term loans (1), including\nSME term loan and deferred interest payments on working capital services. Try\nto take advantage of these government relief measures.<\/li><\/ol>\n\n\n\n

    Additional Reads: <\/strong>3 Lakh Crore COVID Relief Package for MSMEs: How will this benefit the MSMEs and Start-ups?<\/a><\/p>\n\n\n\n

    Invest in building a digital set-up<\/strong><\/p>\n\n\n\n

    The\nlockdown has highlighted the power of the internet. Even the government is\nproviding e-market linkages since participation in trade fairs is not possible\nat present. Consider applying for an SME loan to build a digital presence and\nreap a wide range of returns:<\/p>\n\n\n\n

    1. Leverage\nthe higher time people are spending online confined at home. Place relevant ads\non popular websites and social media to facilitate brand recall and keep your\ncustomers from moving to your competitors.<\/li>
    2. Understand\nthe changed consumer behavior that is shifting towards online shopping to avoid\nthe risk of infection and consider retailing on the web.<\/li>
    3. Reduce\noverhead costs and maintain social distancing by encouraging your employees to\nwork remotely through a digital system.<\/li><\/ol>\n\n\n\n

      Outline a new business plan<\/strong><\/p>\n\n\n\n

      \"Business<\/figure>\n\n\n\n

      Identify\nthe current uncertainties in your industry and make appropriate modifications\nto your operating model to address the probable impacts. Focus on finding new\nbusiness prospects to bypass the negative upshots. To finance these new\nventures, you can try to raise your MSME or SME working capital by enlisting on\nstock exchanges. It will help you avail of the benefits of the \u201cFund of Funds\u201d\napproved by the government, which has assured up to 15% of equity support for\nMSMEs (2).<\/p>\n\n\n\n

      \u200bRestructure your budget<\/strong><\/p>\n\n\n\n

      When\nthe lockdown is lifted, you might find new avenues that require funds,\nincluding hiring new workers, purchasing inventories, boosting promotions, etc.\nWith the government declaring credit guarantees (3) for MSMEs loans, you\ncan utilize this opportunity and apply for an SME business loan to fund\nyour new budget plan.<\/p>\n\n\n\n

      Consider applying for credit<\/strong><\/p>\n\n\n\n

      The\nFinance Minister (4) has declared an emergency credit line for MSMEs with\ncollateral-free loans as well as debt schemes for \u201cstressed\u201d MSMEs. This is the\nideal time to re-build your working capital and reduce higher-interest debts\nthrough an MSME loan.<\/p>\n\n\n\n

      Conclusion<\/strong><\/p>\n\n\n\n

      To\nhelp your business recover, you have to plan for long-term growth, even if it\nrequires additional expenses. An SME business loan will equip you with the\nresources to meet evolving consumer demands. Tata Capital offers MSME and SME loans<\/a> without collaterals.\nApply for one and get ready to unlock new opportunities that are sure to open\nup once the crisis is behind us.<\/p>\n\n\n\n

      Additional Reads: <\/strong>Steps to apply for collateral-free MSME loans under the COVID-19 Relief package<\/a><\/p>\n\n\n\n

      Read More Blogs<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

      The lockdown that has been enforced to contain the spread of coronavirus has hurt trade, hampered supply, depleted workforce, and halted production. <\/p>\n

      Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":9991,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-9989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lockdown-news"],"yoast_head":"\nSMEs and MSMEs revive their business post the Lockdown - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Here are some factors SME and MSME need to remember for continuing business post the lockdown. Read on for more details!\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMEs and MSMEs revive their business post the Lockdown - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Here are some factors SME and MSME need to remember for continuing business post the lockdown. Read on for more details!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-12T06:51:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-12T06:55:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/06\/how-can-smes-and-msmes-revive-their-business-post-the-lockdown-ends-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/\",\"name\":\"SMEs and MSMEs revive their business post the Lockdown - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2020-06-12T06:51:52+00:00\",\"dateModified\":\"2020-06-12T06:55:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Here are some factors SME and MSME need to remember for continuing business post the lockdown. Read on for more details!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How SMEs and MSMEs can revive their business when the lockdown ends\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SMEs and MSMEs revive their business post the Lockdown - Tata Capital Blog","description":"Here are some factors SME and MSME need to remember for continuing business post the lockdown. Read on for more details!","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"SMEs and MSMEs revive their business post the Lockdown - Tata Capital Blog","og_description":"Here are some factors SME and MSME need to remember for continuing business post the lockdown. Read on for more details!","og_url":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/","og_site_name":"TATA Capital Blog","article_published_time":"2020-06-12T06:51:52+00:00","article_modified_time":"2020-06-12T06:55:32+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/06\/how-can-smes-and-msmes-revive-their-business-post-the-lockdown-ends-1.jpg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/","url":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/","name":"SMEs and MSMEs revive their business post the Lockdown - Tata Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2020-06-12T06:51:52+00:00","dateModified":"2020-06-12T06:55:32+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"Here are some factors SME and MSME need to remember for continuing business post the lockdown. Read on for more details!","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/lockdown-news\/how-smes-and-msmes-can-revive-their-business-when-the-lockdown-ends\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How SMEs and MSMEs can revive their business when the lockdown ends"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/06\/how-can-smes-and-msmes-revive-their-business-post-the-lockdown-ends-1.jpg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=9989"}],"version-history":[{"count":2,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9989\/revisions"}],"predecessor-version":[{"id":9993,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9989\/revisions\/9993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/9991"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=9989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=9989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=9989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}