Dikhyaa Mohanty 
Prime Minister Narendra Modi described as “landmark” the decision to include retail and wholesale trade as MSMEs, which will allow traders the benefits of priority sector lending, and said his government is committed to empowering the community.
According to the reports, Union Minister Nitin Gadkari announced the inclusive of retail and wholesale trade under MSMEs as per which the traders will now get the benefit of priority sector lending under RBI guidelines.
Prime Ministr Narendra Modi Tweeted- “Our government has taken a landmark step of including retail and wholesale trade as MSME. This will help crores of our traders get easier finance, various other benefits and also help boost their business. We are committed to empowering our traders.”
The report further added that this step will have an immediate impact on smaller retailers and wholesalers with businesses up to Rs 250 crore of turnovers in availing immediate-term finance as part of various schemes announced under “Atmanirbhar Bharat” programme.
Image Source – Gogole
