Parliamentary panel calls for fresh package to help MSMEs

2021-07-28 07:49:05

A parliamentary panel has said the stimulus package announced by the government was inadequate to help small businesses in the pandemic-hit economy and batted for more measures, particularly for micro, small and medium enterprises (MSMEs).

It has recommended that the government should immediately come out with a larger economic package “aimed at bolstering demand, investment, exports and employment generation” to help the economy, including MSMEs, to recover from the fallout of Covid-19.

“The measures adopted were

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Retail, wholesale trade brought under MSME: How it may benefit traders

2021-07-04 10:30:00

(This story originally appeared in on Jul 03, 2021)

NEW DELHI: The government on Friday included retail and wholesale traders under the MSME (micro, small and medium enterprises) classification making them eligible for priority sector advances by banks and financial institutions per RBI guidelines.

Retail and wholesale trade enterprises were brought under the MSME Development Act, 2006, until it was dropped on the recommendations of a committee in 2017.

“The government has received various representations and it has

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