Latest News | Traders Relentless Campaign Forced Union Govt to Reintroduce MSME Categorisation: Gehlot | LatestLY

Jaipur, Jul 3 (PTI) Rajasthan chief minister Ashok Gehlot on Saturday said the pressure of trade representatives forced the central government to reintroduce the categorization of retail and wholesale trade in the MSME segment.

“I congratulate the trade representatives for forcing the central government to reintroduce the categorization of Retail and Wholesale trade as MSME through their relentless campaign,” Gehlot said.

He said that the NDA government in 2017 had removed the categorization from MSME segment which affected 2.5 crore retail and wholesale traders.

“Retail and Wholesale trade enterprises were brought under the MSME segment by UPA for extending a supporting hand through MSME Development Act, 2006 but it was highly unfortunate that NDA government had removed the provision in 2017 which resulted in hardship for the sector,” he said.

Gehlot said that around 2.5 crore retail and wholesale traders were deprived of Priority Sector Lending due to this harsh step of NDA Government.

Further, he said benefits under other schemes for MSME sector were also denied to them.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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