MSME Definition to include Retail and Wholesale Trade Businesses
Ministry of #MSME has announced revised guidelines for #MSMEs with inclusion of Retail and Wholesale trade businesses as MSMEs. This is done to strengthen these MSME businesses and make them engines for economic growth.
Shri Gadkari said the revised guidelines will benefit 2.5 Crore Retail and Wholesale Traders. He said Retail and wholesale trade were left out of the ambit of MSME, now under the revised guidelines, retail and wholesale trade will also get benefit of priority sector lending under RBI guidelines.
With the revised guidelines the Retail and wholesale trades will be now be allowed to register on Udyam Registration Portal.
Source – https://pib.gov.in/PressReleasePage.aspx?PRID=1732193
MSME Registration Link – Udyam Registration Portal Link