CBM HAILS UNION GOVT. ANNOUNCEMENT THAT RETAIL AND WHOLE SALE TRADE SHALL NOW BE INCLUDED AS MSME

THOUSANDS OF TRADERS OF CITY TO IMMENSELY BENEFIT BY BEING MSME

CHANDIGARH: Charanjiv Singh President of Chandigarh Beopar Mandal (CBM) hailed the latest announcement by Nitin Gadkari, Union Minister of India declaring all retail and wholesale trades in the country to be in category of MSME extending to them the benefit of priority sector lending under RBI Guidlines thus making all traders eligible to all other benefits of special incentives, subsidised loans and financial assistance etc as already announced by Finance Ministry during Corona crisis and in general to support MSME sector.

Diwakar Sahoonja Patron cum Official Spokes Person CBM while welcome the announcement said that by being in priority category of Micro,Small &Medium Enterprise ,the thousands of traders of the city shall be able to immensely benefit in building bylaws related to Commercial Buildings,Easy low interest Bank loans ,Excise and Taxation limits etc thus providing boost to traders to recover their losses incurred during Corona lockdown period.

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