Chandigarh Beopar Mandal hails Centre’s decision

Tribune News Service

Chandigarh, July 2

Chandigarh Beopar Mandal (CBM) has hailed the announcement of the Central Government that the retail and wholesale traders would now be included in the priority sector of micro small & medium enterprises (MSMEs).

Charanjiv Singh, president, CBM, said they welcomed the announcement made by Union Minister Nitin Gadkari that all retail and wholesale trades in the country will be included in the category of MSMEs extending them the benefit of priority sector lending under RBI guidelines, thus making all traders eligible to all other benefits of special incentives, subsidised loans and financial assistance etc as already announced by the Finance Ministry during the corona crisis and in general to support the MSME sector.

Diwakar Sahoonja, official spokesperson for the CBM, said being in the priority category of MSMEs, thousands of traders of the city would be immensely benefited in building bylaws related to easy low interest bank loans for commercial buildings, excise and taxation limits etc, thus providing a boost to traders to recover from their losses incurred during the corona lockdown period.

Kamaljit Singh Panchhi, president, Chandigarh Traders Association of

Sector 17, also welcomed the announcement made by Gadkri.