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India’s retail and wholesale traders can now avail bank loans under MSME category

India’s retail and wholesale traders can now avail bank loans under MSME category

3 July 2021
| By Invoice Bazaar

To make retail and wholesale traders eligible to avail priority sector loans and financial benefits from banks and financial institutions, India’s Federal Government has now included them under the MSME (micro, small and medium enterprises) category. It has been done by revising the guidelines of the Reserve Bank of India (RBI). This landmark decision will significantly benefit 25 million retail and wholesale traders across India by giving them the much-needed financial support they need to survive, revive and thrive as they have been lately reeling under severe liquidity crunch after being hit by the Covid-19 pandemic.

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India’s retail and wholesale traders can now avail bank loans under MSME category

Related Articles

New hires to serve growing pipeline of funding opportunities

Private Capital Investors in Trade Finance: An Asset Manager’s Perspective

The transaction banking revolution has only just begun

Global Trade Finance Gap Expands to $2.5 Trillion in 2022

How blockchain-based facilities can close the $2tn global trade finance gap

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The world’s trading system needs to ditch its paper trail

A new paradigm for global trade

Digital Supply Chain Finance is the future for global economic development & recovery

CRR hit to trade-finance banks should be avoided

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