MSME

Definition of Micro Small and Medium Enterprises – Retail & Wholesale Trade added

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.
 
However, benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only.
 
Accordingly, the list of eligible additional activities under NIC Code 45, 46 and 47 are as under:
 
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
 
The Udyam Registration is allowed for above three NIC Codes and activities mentioned against them.
 
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.
 

Download Ministry’s order Click Here >>

 

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