New Delhi: 02 July. The union government announced today to include Retail and Wholesale trades as MSMEs under revised guidelines for MSMEs.
Minister of MSME and Road Transport and Highways Nitin Gadkari announced in a tweet today the revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as MSMEs. He said under the leadership of PM Narendra Modi, we are committed to strengthening of MSME and make them engines for economic growth.
Shri 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.