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The main objective behind writing this article is to study the revival of the economy in the post Covid period through Indian MSME sector which is considered as the backbone of the Indian economy. Due to the lockdown the hardest hit is the MSME segment with their activity coming to a complete halt. The worst part of this crisis is that the Government and big business together owe these small firms nearly Rs 6 lakh crore. The definition of MSME is revised and the way MSMEs are defined now will bring more enterprises under the purview of being classified as MSME. Covid-19 and the anger against China have made global corporations to actively look to source products outside China. To grab this once in a life time opportunity speed is critical. Current areas of strength should be consolidated and the export to be more diversified. To make the MSMEs atmanirbhar the dues owed to them should be repaid promptly. The industries which are heavily dependent on China must be identified and the MSME sector should be encouraged to become independent of such global disturbances. The new backbone of MSMEs is the technology as in the post Covid world remote access to everything will be the order of the day. There is a need to focus on import substitution to replace foreign imports with domestic production. An important part of larger supply chains are MSMEs and their health has a bearing on the supply chain.