The term MSME reached a peak popularity of 100 on Google search during May 2020, up from an usual score of less than 1, clearly signalling the enormous interest in the sector. India is a country with around 6.33 crore MSMEs, that’s about one enterprise for every 20 citizens as against one for every 10 in US (sba. 2018) and 11 in UK (fsb.org 2019). However, what is also revealing is that the MSMEs on an average employ less than 2 per enterprise and more than 51 per cent of rural households have substantial income from self employment as per NSO- Periodic Labour Force Survey 2018-19. What is also revealing is that globally, more than 40 per cent MSMEs (IFC 2017), are starved of access to formal credit and Indian MSMEs are by no means an exception to it. Post the onset of COVID lockdowns, the sector was one of the most severely affected and the government proactively brought out the following taxation relief measures: