UDYAM — a bane or boon for MSMEs? MSMEs are a vital cog of the India economy - THE HINDU× Far from helping the sector, the stringent classification norms of the scheme will end up harming it “A Good intention with a bad approach often leads to a poor result”. Covid has impacted almost all the sectors of the economy but the micro, small and medium enterprises (MSME) seem to be the worst affected. Various survey reports estimate the loss in revenue for this sector to the tune of 30-50 per cent and given their fragile scale and vulnerable position, the damage is serious.