Retail and wholesale traders are allowed to take registration under MSME Act
Ministry of Micro, Small & Medium Enterprises, Government of India, vide its office memorandum No. 5/2(2)/2021-E/P & G/Policy (E-19025) made certain changes in O.M. No. UAM/MC/01/2017-SME dated 27.06.2017.
Though this memorandum following categories are included/allowed to take MSME/ Udyog Aadhaar Memorandum now Udyam registration.
|1. Wholesale and retail trade and repair of motor vehicle and motorcycles |
2. Wholesale trade except of motor vehicles and motorcycles
3. Retail Trade Except of Motor Vehicles and motor cycles
Previously only service provider and manufacturer are allowed to take Udyam registration. After above order now Retail trader and wholesaler can also take Udyam registration.
It is to be noted that benefits to Retail and Wholesale trade MSMEs are to be restricted to Priority Sector Lending only. For understanding Priority Sector Lending please read master direction issued by RBI by following the link https://m.rbi.org.in/scripts/BS_ViewMasDirections.aspx?id=11959#MSME
View office memorandum No. 5/2(2)/2021-E/P & G/Policy (E-19025) at http://dcmsme.gov.in/OM%20%20regarding%20%20inclusion%20of%20Traders.pdf
Read our article on Udyam registration at https://www.trijuris.com/msme-registration/