Government announces inclusion of Retail and Wholesale trades as MSMEs

Last updated: 04 July 2021

Quick Summary
The government has announced revised guidelines that officially include Retail and Wholesale trades within the definition of Micro, Small, and Medium Enterprises (MSMEs). This significant change, announced by Minister Shri Nitin Gadkari, aims to bolster economic growth by treating these traders as engines for development. It is estimated that this move will benefit approximately 2.5 crore retail and wholesale traders across the country.

Minister of MSME and Road Transport and Highways Shri Nitin Gadkari today announced revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as MSMEs. In a Tweet he said under the leadership of PM Shri Narendra Modi Ji, we are committed to strengthening of MSME and make them engine
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FAQ :

The main change is the inclusion of Retail and Wholesale trades within the definition of MSMEs.

The revised guidelines were announced by the Minister of MSME and Road Transport and Highways, Shri Nitin Gadkari.

Approximately 2.5 crore retail and wholesale traders are expected to benefit from these revised guidelines.

Retail and wholesale traders will now be eligible for benefits such as priority sector lending under RBI guidelines.

Yes, under the revised guidelines, retail and wholesale trades will be allowed to register on the Udyam Registration Portal.



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