Cash flow in small villages severely hit amid lockdown #coronavirusnewstolive - May 7, 2020 18 0 COMMENTS
New Delhi: Cash flow in small villages throughout the nation has been severely impacted throughout the lockdown interval.
As a survey by Smart Power India reveals that 75 per cent respondents in villages receiving electrical energy by mini grid have reported low money flow throughout the interval.
The report additional mentioned that outlets and business prospects have been the worst-hit due to lockdown as solely 21 per cent have agriculture as the principle supply of revenue.
Shops promoting important items are additionally affected as a result of low buyer footfall, lowered money flow in rural and a damaged provide chain, it mentioned.
The report additionally mentioned that 80 per cent respondents claimed detrimental financial impression because of the lockdown.
Around four per cent respondents haven’t reported vital financial impression as a result of agri-based livelihood as foremost supply, it mentioned.
“Mini grid customer segment having shops and commercial property are the worst hit by lockdown due to closure or broken supply chain and most worried about revival of their business,” mentioned the report titled ‘Consumer Survey Analysis on Impact of COVID-19 Lockdown’.