The COVID-19 pandemic has sparked a crisis across the world and had a severe impact on economies. With the government imposing lockdown and ordering social distancing, the world will wake up to a new normal to a post-pandemic trend. It has affected all sectors of the economy, but hard hit to the Small and Medium (SMEs) Enterprises. This paper focuses on the impact of the COVID-19 pandemic on the Nepalese SMESs sector and reviews the measures and initiatives taken by the Nepalese government with its Central Bank, the Nepal Rastra Bank (NRB), to help the SMEs. It also addresses the challenges faced by the proposed measures and also offers policy suggestions on what can be done to bring relief to the sector and sustain as well as revive the economy.
