MSME - #SectorUpdates
The Government has made comprehensive plans for the hospitality, tourism, and travel sectors. These plans include various subsidies, financial assistance for licensing and cluster construction, etc. However, a large chunk of the unorganized sector associated with this business, that is, budget hotels, homestays, and lodge operators are often not aware of the financial aid being provided by the Government. Industry associations feel that Government needs to chart out a district-level strategy for micro small and medium enterprises with the objective of reaching out to the grass- root level operators. Online platforms have been playing a crucial role in giving wide recognition to these budget hotels, homestays, and BNB (Bed and breakfast) in the travel, tourism, and hospitality sector. The sector can gain from capacity-building initiatives for the unorganized players. To stay competitive on a global scale, they must also step up their cyber security procedures effectively.