World MSME Day 2022: Micro, Small and Medium Enterprises (MSMEs) are considered to be the backbone of India’s socio economic development. The sector is a key driver of employment growth and considerably contributes to the country’s GDP by manufacturing a wide range of products and services.
New Delhi, June 12 (PTI): This, too, is a Covid effect. Pushed out of their comfort zones by a pandemic that took away their financial security, many people in the twilight of their lives or recently retired are returning to the workforce be it taking tuitions, applying for office assistant posts or setting up a hawker cart. The reasons for seeking financial independence are varied as is the income bracket. It could be somebody whose son lost his job, another whose savings dwindled in the long months of lockdown or an elderly person who may have seen an earning child die of Covid and is forced to again support the family. Many elderly no longer have the concept of tomorrow and this is creating many uncertainties in the minds of people, said Himanshu Rath, founder and chairperson of Agewell Foundation. The number of job applications received at the Foundation’s employment exchange portal, which provides employment opportunities to the elderly, has jumped since the pandemic. We wou