<center><b>Webinar Report </b></center><br>
        <center><b>Impact of COVID 19 on Small Indian Businesses & strategies to rise up</b></center><br>
        <center><b>10.30 am to 11.50 am Wednesday, 15 April 2020<br>
        <p style='text-align:justify;'>Many small Indian businesses & are finding it disruptive to continue smoothly due to coronavirus which has impacted the business entities and has emerged as a concern of sustainability for several enterprises. These enterprises include basically the Medium and Small Scale Enterprises. Post lockdown, it is very necessary to think upon the strategies to rise those enterprise up again in the market. Therefore, to address this alarming topic on the Impact of COVID19 on Small Indian Businesses & Strategies to rise up. ASSOCHAM along with other industry leaders has hosted webinar on Wednesday, 15 April 2020 at 10.30 am to 11.50 pm.</p>
        <p style='text-align:justify;'>The welcome address was delivered by moderator of the Webinar Shri. Bharat Patel, Chairman, Startup Committee, ASSOCHAM Gujarat Council. Shri Bharat highlighted the importance of this webinar in the present situation. Very smoothly, Shri Patel moderated between all the panelists. His prime focus was discuss all the minute detail of the topic. Every aspect including merits and demerits were explored thoroughly.</p>
        <p style='text-align:justify;'>Dr. Aman Aggarwal, Dean, Indian Institute of Finance, NOIDA was one of the three panelists. Dr. Aggarwal talked insights on all the impacts imposed by COVID19 on MSMEs and other small scale businesses in India. He has come up with several other financial strategies to cope up with the fall of market. Major issues which he covered were the steps which every MSMEs are taking as Indian Economy is at the risk of borderline.</p>
        <p style='text-align:justify;'>Col. Sanjeev Dutta, another panelist, Executive Director, Brainamaze Corporate Services Ltd. Shri Sanjeev addressed the issue and gave some very practical and pragmatic approach to overcome the situation of recession at coming times. Shri Dutta suggested that financial support should be given by Indian government to SME,MSME and Small traders who are registered with company act. Another step can be to boost to the transport sector with changing policy so that supplies are replenished immediately after lockdown is over. At last Shri Dutta suggested that policy formation can be done in such a way that money comes in the hands of the user.</p>
        <p style='text-align:justify;'>Another panelist, Shri Saurabh Khandelwal, Director, Business Doctors, India gave some precious suggestions in the wake of this topic. According to Shri Saurabh&apos;s suggestion period interest in the lockdown times should be bare minimum (not justified for for banks to make profit over and above what they make on home loans) as they cannot expect premium in this difficult time and make benefit. Also, insolvency and bankruptcy code was the most important tool to balance their rights in the hands of msme , limit of threshold which is raised to 1 crore must be brought back to 5 lakh for msme and 20 lakh for others.</p>
        <p style='text-align:justify;'>Subsequently, the participants raised several Q&A which were answered jointly by all the panelists. All IT related support was extended by Rohit Bhatia, Director HR, ASSOCHAM. The webinar attracted registrations of professional participants which included Chartered Accountants, Company Secretaries, CMAs, Directors, Legal and Compliance Heads, and Academician etc.</p>