The Reserve Bank of India vide its notification dated 7th July 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.
The beneficiary segments of the change in norm would be wholesale and retail trade and repair of motor vehicles and motorcycles, wholesale trade except of motor vehicles and motorcycles, and retail trade except of motor vehicles and motorcycles.
The above Enterprises having Udyog Aadhaar Memorandum (UAM) are now allowed to migrate to Udyam Registration Portal or file Udyam Registration afresh.
