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The Union government on Friday announced fresh guidelines to include wholesale and retail trades as micro, small and medium enterprises (MSMEs) in a move that is expected to benefit as many as 25 million traders battered by the Covid-19 pandemic.
MSME Minister Nitin Gadkari said the decision would make such traders eligible for finance under priority sectors classified by the Reserve Bank of India (RBI).
“The government has received various representations and it has been decided to include retail and wholesale trades as MSMEs, and they are allowed to be registered on the Udyam Registration portal. However, benefits to retail and wholesale
