FIDC urges govt to address issues of MSME borrowers and NBFCs

Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises. The industry body of retail NBFCs had a virtual meeting with Nitin Gadkari, the Minister of MSMEs on June 15. On Friday, FIDC wrote to the minister outlining the needs of the sector.
FIDC in its letter has requested the minister to include wholesale and retail trade in the list of activities allowed for registration as MSME and also make consequent changes to the 'Udyam' portal.