RAI delegation had a very fruitful meeting with the Honorable Minister - MSME - Shri Nitin Gadkari to discuss concerns of MSME retailers. We are pleased to inform you that the Government has now extended Emergency COVID Credit Line Guarantee Scheme (ECLGS) to all business entities registered under GST having a turnover of less than Rs. 100 crore. Retailers are not required to register as MSMEs to avail the benefits which was one of the KEY asks of RAI.

This is a big relief for retailers who are not eligible to register as MSMEs. RAI delegation had met with Honble Minister of MSME Shri Nitin Gadkari to discuss this issue and the Minister assured us that retailers will also be included under the MSME ambit. We, at RAI, welcome this step and thank Government of India for considering our recommendation, which will benefit millions of retailers.

Please click here for detailed guidelines of this scheme

Please click here to download the RAI representation submitted to MSME minister to allow retailers to register as MSME.