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:
World Photography Day is a day celebrated on 19th August every year in remembrance of…
A total number of 210 Indian peacekeepers who serve in the United Nations Mission in…
India is getting ready to host Semicon India 2026, which will be the fifth installment…
The state government of Maharashtra has made snakebite into a notifiable disease, thereby mandating the…
The UP Mukhyamantri Yuva Swarojgar Yojana 2026 is a self-employment scheme by the Uttar Pradesh…
India is rapidly building a domestic solar manufacturing ecosystem covering solar cells, photovoltaic (PV) modules,…