Government announces inclusion of Retail and Wholesale trades as MSMEs
- Press Information Bureau
- July 5, 2021
Minister of MSME and Road Transport and Highways Mr. Nitin Gadkari today announced revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as MSMEs. In a Tweet he said under the leadership of PM Mr. Narendra Modi Ji, we are committed to strengthening of MSME and make them engines for economic growth. Mr. Gadkari said the revised guidelines will benefit 2.5 Crore Retail and Wholesale Traders. He said Retail and wholesale trade were left out of the ambit of MSME, now under the revised guidelines, retail and wholesale trade will also get benefit of priority sector lending under RBI guidelines.
With the revised guidelines the Retail and wholesale trades will now be allowed to register on Udyam Registration Portal.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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