Lockdown pushes small enterprises to the brink
The Hindu
Mounting losses and unpaid loans are making it difficult for businesses to survive
Last week, a 54-year-old man committed suicide in the capital after two of his business ventures failed in succession during the COVID-19-induced lockdown. Just before the pandemic hit, Nirmal Chandran had availed a loan to renovate his light and sound company. With events and festivals cancelled, he was left with no business. Recovering from the unexpected jolt, he had opened a chicken shop in the rural outskirts, which also failed to take off.
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