After months of lockdown, India reopened for business in June but for thousands of small entrepreneurs, the blow has been devastating.
Businesses from textiles to sports goods and furniture are shuttered or working at a bare minimum. Govt's programme to help small businesses back on their feet through $40 billion of government-guaranteed loans is too little and may not be enough to save the many companies that form the backbone of India's economy, nearly three dozen entrepreneurs Reuters spoke to across the country said.
Some said their business was so hamstrung by the pandemic that taking on new debt made little sense. They would rather the government had helped them by cutting the goods and service tax or waive off the interest on loans.
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