Ministry of Micro, Small and Medium Enterprises has decided to include Retail and Wholesale trade as MSMEs but only for the limited purpose of Priority Sector Lending. This means that these segments of businesses can now take loans under the Priority Sector Lending arrangement under the MSME category. According to the Retailers Association of India (RAI), this will give retail micro, small and medium enterprises (MSMEs) the support they need to survive, revive and thrive.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
These Retail and Wholesale traders can now register on Udyam Registration Portal. It is a portal by the Government of India for the registration of MSMEs.
The registration will be allowed under three categories:
The Government of India has taken a major step to strengthen agricultural exports from Chhattisgarh.…
Indian cricket star Virat Kohli has once again etched his name into the record books.…
Asia is a vast continent known for its powerful mountains, deep valleys, and stunning natural…
In a landmark moment for the judiciary in Northeast India, Meghalaya has appointed its first…
The 164th birth anniversary of Swami Vivekananda is a moment to remember a great thinker…
Italy has conferred one of its highest civilian distinctions, the Cavaliere dell’Ordine della Stella d’Italia,…