News Round-up

Miscellaneous Finance PSU Corporate

Union MSME Minister Nitin Gadkari has announced inclusion of retail and wholesale trade under MSMES. Accordingly, they will now get the benefit of priority-sector lending under RBI guidelines. Mr Gadkari has added that retail and wholesale trade sector was left out of the ambit of MSMES. Mr Gadkari has said that the government is committed to strengthening MSMES and making them engines of economic growth. The revised guidelines will benefit 2.5 crore retail and wholesale traders. The move will also allow them to register on Udyam portal. They can also benefits from several other government schemes for MSMES.