Explanation:

Retail and wholesale trade has also been brought under the MSME category, earlier there were two categories of MSME, namely manufacturing unit and service unit. Along with this, retail and wholesale business will also come under the purview of primary sector lending, with the new definition of MSME, more than one lakh retailers and wholesalers of the state will come under this purview, and the bank will also provide loans to them on priority basis.