BIG ANNOUNCEMENT for 2.5 crore retail, wholesale traders; to be brought under MSME ambit, will get benefits as per RBI, CONFIRMS Nitin Gadkari

In a move that will benefit 2.5 crore retail and wholesale traders, the Centre on Friday announced that these traders will be brought under the ambit of Micro, Small & Medium Enterprises (MSME). The move is to ensure that they get benefit of priority sector lending under the Reserve Bank of India (RBI) guidelines. The announcement was made by the Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Nitin Gadkari on Friday, July 2, 2021. 

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Informing about it, Nitin Gadkari took to twitter and posted, "Retail and wholesale trade were left out of the ambit of MSME. Under the revised guidelines, MSME has issued order to include retail and wholesale trade as MSME and extending to them the benefit of priority sector lending under RBI guidelines. #MSMEGrowthEngineOfIndia." 

कोविड के दूसरे वेव के कारण आई दिक़्क़तों से खुदरा और थोक व्यापारियों पर पड़े असर को ध्यान में रखते हुए अब इसे MSME के दायरे में लाने का फ़ैसला किया गया है।प्रायोरिटी सेक्टर लेंडिंग के अंतर्गत इस सेक्टर को लाकर आर्थिक सहायता पहुँचाने की कोशिश की जा रही है। #MSMEGrowthEngineOfIndia

— Nitin Gadkari (@nitin_gadkari) July 2, 2021

The development assumes significance in backdrop of difficulties faced by retail and wholesale traders during the Covid 19 second wave. By giving priority sector lending to retail and wholesale traders, the government aims to provide economic assistance to them during these difficult times.  

अब खुदरा और थोक व्यापारी भी उद्यम रजिस्ट्रेशन कर सकेंगे, 2.5 करोड़ से अधिक व्यापारियों को इसका लाभ मिलेगा। प्रधानमंत्री श्री @narendramodi जी के नेतृत्व में हम MSME को देश के इकोनॉमिक ग्रोथ का इंजन बनाने के लिए प्रतिबद्ध हैं। #MSMEGrowthEngineOfIndia⁰ #AatmanirbharBharat

— Nitin Gadkari (@nitin_gadkari) July 2, 2021

In another tweet, he said, the government aims to make MSME engines for economic growth.  " Under the leadership of PM Shri Narendra Modi Ji, we are committed to strengthening of MSME and make them engines for economic growth. The revised guidelines will benefit 2.5 Cr Retail and Wholesale Traders. #MSMEGrowthEngineOfIndia," said  Micro, Small & Medium Enterprises Minister.