Definition of Micro Small and Medium Enterprises – Retail & Wholesale Trade added
The Ministry of Micro , Small and Medium Enterprises (MSMEs) has decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal.
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However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
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Accordingly, the list of eligible additional activities under NIC Code 45, 46 and 47 are as under:
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| NIC Code | Activities |
| 45 | Wholesale and retail trade and repair of motor vehicles and motorcycles |
| 46 | Wholesale trade except of motor vehicles and motorcycles |
| 47 | Retail trade except of motor vehicles and motorcycles |
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The Udyam Registration is allowed for above three NIC Codes and activities mentioned against them.
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The Enterprises having Udyog Aadhaar Memorandum (UAM) under above three NIC Codes are now allowed to migrate to Udyam Registration Portal or they can file Udyam Registration afresh.
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Download Ministry’s order Click Here >>
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