CAIT Vows Centre To Restore MSME Tag For 8 Cr Traders

Following the withdrawal of MSME status from nearly eight crore wholesale traders and retailers, the Confederation of All India Traders (CAIT) has urged the Centre to restore the tag. Reportedly, Rs 3 lakh crore disbursed by banking institutions under Priority Sector Lending (PSL) scheme will stand out to lose the tag. Moreover, banks might fail to meet the PSL target, which requires them to lend at 40% of total loans.