Retail & Wholesale trades included as MSMEs

The circular issued by Ministry of Micro, Small & Medium Enterprises on inclusion of Retail and Wholesale trades as MSMEs effected from 02nd July 2021:

Subject

Activities (NIC Code) under MSMED Act, 2006 for Udyam Registration- Addition of Retail and wholesale trading- regarding

Applicability

Retail and Wholesale Trading enterprises

 

Brief description

Retail and wholesale trade were left out of the ambit of MSME. Under the revised guidelines, MSME has issued order to include retail and wholesale trade as MSME and extending to them the benefit of priority sector lending under RBI guidelines. The revised guidelines will benefit 2.5 Cr Retail and Wholesale Traders.
Government announces inclusion of Retail and Wholesale trades as MSMEs

Complete circulars attached