ASSESSING THE ROLE OF POST-COVID TAX INCENTIVES IN ENHANCING FINANCIAL RESILIENCE AND GROWTH OF MSMES IN INDIA

This study assesses the impact of post-COVID tax incentives (ECLGS, GST reforms, presumptive taxation) on the financial resilience and growth of MSMEs in India. It finds that these incentives improved liquidity and profitability but faced challenges like bureaucratic hurdles and lack of awareness, particularly for smaller MSMEs. Compared to global practices, India's focus has been more on loans rather than direct financial aid. The study recommends simplifying processes, offering direct financial relief, and enhancing financial literacy for greater effectiveness.