Implications of Covid-19 Pandemic on MSMEs to Economy, Society: Case

Abstract

Asma Asif,Muhammad Rahbar, Muhammad Haseeb Zia

Based on research in the MSME sector in Indonesia experienced the impact of the COVID-19 Pandemic. The successive impacts are declining sales, capital difficulties, product distribution barriers, and raw material difficulties. The government has issued :p of social assistance to poor and vulnerable MSMEs, (b) tax incentives for MSMEs; relaxation and restructuring of credit for MSMEs; expansion of working capital financing of MSMEs; placing ministries, state-owned enterprises and local governments as buffers for MSME products; and e-learning Training. To support government policy, several short-term strategies and long-term strategies need to be considered by the government and encourage government collaboration with corporations in empowering MSMEs.