The Ministry of Micro, Small & Medium Enterprises (MSME) today announced the inclusion of retail and wholesale trades as MSMEs with revised guidelines. The revised guidelines will benefit 2.5 Crore Retail and Wholesale Traders.
With the revised guidelines the Retail and wholesale trades will be now be allowed to register on Udyam Registration Portal.
The existing definition of MSMEs includes manufacturing and service enterprises whereas retail and wholesale trade was not classified under the same. The Government had removed retail and wholesale traders from the MSME category in June 2017.