Decode IndianNov 9, 2021Govt. includes retail and wholesale trades as MSMEs l New Guidelines for MSMEs l 2021Decode Indian Govt. includes retail and wholesale trades as MSMEs l New Guidelines for MSMEs l 2021The Ministry of Micro, Small & Medium Enterprises (MSME), on July 2, announced the inclusion of retail and wholesale trades as MSMEs.As per the revised guidelines, retail and wholesale trade - earlier left out of the ambit of MSME - will now get the benefit of priority sector lending (PSL) under RBI guidelines.According to Nitin Gadkari, Minister of MSME, the revised guidelines will benefit 2.5 Crore Retail and Wholesale Traders.The Confederation of All India Traders (CAIT) had in March demanded the restoration of MSME status for retail and wholesale trades which was taken away in 2017.The government in June 2017 removed retail and wholesale traders from the MSME category.View video at Decode Indian
Decode Indian Govt. includes retail and wholesale trades as MSMEs l New Guidelines for MSMEs l 2021The Ministry of Micro, Small & Medium Enterprises (MSME), on July 2, announced the inclusion of retail and wholesale trades as MSMEs.As per the revised guidelines, retail and wholesale trade - earlier left out of the ambit of MSME - will now get the benefit of priority sector lending (PSL) under RBI guidelines.According to Nitin Gadkari, Minister of MSME, the revised guidelines will benefit 2.5 Crore Retail and Wholesale Traders.The Confederation of All India Traders (CAIT) had in March demanded the restoration of MSME status for retail and wholesale trades which was taken away in 2017.The government in June 2017 removed retail and wholesale traders from the MSME category.View video at Decode Indian
