Role of Small Finance Bank in Uplifting the Indian Economy During Covid 19 Pandemic Period
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Role of Small Finance Bank in Uplifting the Indian Economy During Covid 19 Pandemic Period.
Corresponding Author - Mr. Moncy Kuriakose
Assistant Professor, MBA, Girideepam Business School, Kottayam, Kerala, India
Ph.D. Research Scholar, SMBS, M G University, Kottayam, Kerala, India.
ORCID ID: https://orcid.org/0009-0000-3046-631X
Email – moncyk@gmail.com
Dr. Johney Johnson,
Professor, SMBS, M G University, Kottayam, Kerala, India.
ORCID ID: https://orcid.org/0000-0002-5111-5022
Email – j.johney@gmail.com
Abstract
In the year 2020, India was also hit by the COVID-19 pandemic like many nations across the globe, but through various public health and economic measures, it is managing the effects of the COVID-19 pandemic. All the sectors of the Indian economy got affected by the Covid-19 pandemic, with small business units, micro and small industries, and unorganized sector entities getting hit the hardest by this pandemic and are now facing another big crisis. In this article, we are providing a holistic outlook on the role of Small Finance banks in uplifting the Indian Economy during the Covid 19 pandemic period. Our study is a conceptual research type. In this article, we have researched by observing and analyzing the present information and data collected from secondary sources. The main findings of our research are that the Indian economy is badly affected by the COVID-19 pandemic, and small finance banks will be able to uplift the Indian economy with the help of technological advancements. The limitation of our study is that the study was conducted by secondary data only. It can be concluded that with the help of technology advancement, Small Finance Bank can follow various strategies which will have a direct influence on the growth of Indian economy during Covid 19 pandemic period. There are studies related to small finance bank but there are no studies related to role of small finance banks in the upliftment of Indian economy during Covid 19 pandemic period.
Keyword: Small Finance Bank, Covid 19 Pandemic, Indian Economy
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