Retail And Wholesale Trades:
Minister of MSME announced revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as MSMEs.
- The revised guidelines will benefit 2.5 Crore Retail and Wholesale Traders.
- Retail and wholesale trade which were left out of the ambit of MSME are now under the revised guidelines and thus will also get benefit of priority sector lending under RBI guidelines.
- With the revised guidelines the Retail and wholesale trades will be now be allowed to register on Udyam Registration Portal.