Retailers, wholesalers included as MSMEs; PM Modi says committed to empowering our traders

A day after retail and wholesale traders were included under the MSME sector, Prime Minister Narendra Modi lauded the decision as a “landmark step”.

The government on Friday issued a new order that brings retailers and wholesale traders under the ambit of MSMEs (micro, small and medium enterprises) and enables them to avail the benefits of priority lending. 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. https://t.co/FTdmFpaOaU 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#AatmanirbharBharat Welcoming the move, Prime Minister Narendra Modi said in a tweet on Saturday, “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.”