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LATEST NEWS UPDATES | Most MSMEs skip March salary: AIMO

Most MSMEs skip March salary: AIMO

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published Published on Apr 6, 2020   modified Modified on Apr 7, 2020

-The Hindu

Survey cites logistics issues and absence of orders, among others, as reasons

Chennai: About 71% of the MSME establishments were unable to pay either partially or fully the wages due for March 2020 either due to logistics issue or absence of orders, among other issues, according to All India Manufacturers Organisation (AIMO).

AIMO, which is an apex trade body focused on the interests of the MSME sector, surveyed over 5,000 traders/MSMEs across the country over the last few days regarding the status and payment of wages/salaries for the month of March.

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The Hindu, 6 April, 2020, https://www.thehindu.com/business/most-msmes-skip-march-salary-aimo/article31273979.ece?homepage=true


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