The above is an article from HINDU. The following are some rel | ECONOMY by VIVEK SINGH

The above is an article from HINDU. The following are some relevant points.
1) The economy is divided into three sectors: Agriculture, Industry, Services

2) Micro, Small and Medium Enterprises (MSME) sector includes Industrial sector and Services sector but not Agriculture sector. All the Retail and wholesale trade is part of Services sector but till now they were not included as MSMEs. Now as per todays news and the revised guidelines, Retail and Wholesale trades will be included as MSMEs.

3) Since MSMEs are part of the Priority Sector Lending (PSL) Guidelines, so now Retail (it includes the retail shops formal or informal sector like fruit and vegetable sellers etc.) and Wholesale trade will be able to avail loan under PSL.

4) Priority Sector Loans are given as per market interest rates and are not subsidized.