Retail and Wholesale Trade are now allowed to migrate to Udyam Registration Portal

Last updated: 13 July 2021

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Retail and wholesale businesses can now register on the Udyam Registration Portal. This inclusion is for the specific purpose of Priority Sector Lending. Businesses previously registered under Udyog Aadhaar Memorandum (UAM) for relevant wholesale and retail trade activities can now migrate their registration or apply for a new Udyam Registration.

The Ministry of MSME earlier notified that Retail and Wholesale Trade will now be included under the ambit of MSMEs, for the limited purpose of Priority Sector Lending and they would be allowed to be registered on Udyam Registration Portal. In this regard, the Reserve Bank of India has notified that Retail and Wholesale Trade are now allowed to migrate to the Udyam Registration Portal. Read the official announcement below:

RBI/2021-2022/67
FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22

July 7, 2021

The Chairman/ Managing Director/Chief Executive Officer
All Commercial Banks
(including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks
/ District Central Co-operative Banks
All-India Financial Institutions
All Non-Banking Financial Companies

Dear Sir/Madam,

Retail and Wholesale Trade Can Now Register on Udyam Portal

New Definition of Micro, Small and Medium Enterprises - Addition of Retail and Wholesale Trade

Please refer to the circulars FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 dated July 2, 2020 on 'Credit flow to Micro, Small and Medium Enterprises Sector’ and FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 dated August 21, 2020, on 'New Definition of Micro, Small and Medium Enterprises- clarifications'

2. In this connection, Ministry of Micro, Small and Medium Enterprises vide Office Memorandum (OM) No. 5/2(2)/2021-E/P & G/Policy dated July 2, 2021, has decided to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be allowed to be registered on Udyam Registration Portal for the following NIC Codes and activities mentioned against them:

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

3. The Enterprises having Udyog Aadhaar Memorandum (UAM) under above three NIC Codes are now allowed to migrate to Udyam Registration Portal or file Udyam Registration afresh.

Yours faithfully

(Kaya Tripathi)
Chief General Manager

FAQ :

Yes, retail and wholesale trade are now included under the ambit of MSMEs for the limited purpose of Priority Sector Lending.

They can now register on the Udyam Registration Portal.

The registration is for the limited purpose of Priority Sector Lending.

The NIC codes covered are 45 (Wholesale and retail trade and repair of motor vehicles and motorcycles), 46 (Wholesale trade except of motor vehicles and motorcycles), and 47 (Retail trade except of motor vehicles and motorcycles).

Enterprises with a Udyog Aadhaar Memorandum (UAM) under the specified NIC codes are allowed to migrate to the Udyam Registration Portal or file a new Udyam Registration.

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