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Home» Circulars» Rbi New Definition Of Micro Small And Medium Enterprises Addition Of Retail And Wholesale Trade

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

 

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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
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EPC/LIC/MSME 

 

08-07-2021

 

ALL THE MEMBERS OF THE COUNCIL

 

 

New Definition of Micro, Small and Medium Enterprises - Addition of

 

Retail and Wholesale Trade

 

And Lists of Peruvian importers in various Chemical productsDistributor of Chemical Products in Peru looking for opportunities to source various chemicals from India 
And Lists of Peruvian importers in various Chemical products
 
To
All Members of the Counci

Dear Members,

 

 

The Reserve Bank of India (RBI) has  issued notification dated  July 7, 2021  regarding  New Definition of Micro, Small and Medium Enterprises - Addition of Retail and Wholesale Trade.

 

 

As you might be  aware,  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

 

 

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.

 

 

Members are requested to take note and do the needful,  if applicable.  The RBI Notification and MSME OM are available for reference on below links-

 

 

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MSME25199EAA23EF4A409B11F776148EB0E4.PDF

 

https://rbidocs.rbi.org.in/rdocs/content/pdfs/OMTRADER07072021.pdf

 

 

Feedbacks, if any, may also be sent to us on email id's: dg@chemexcil.in and   pw@chemexcil.in  for records/ further deliberations.

 

Thanking you.

 

Yours faithfully

 

Deepak Gupta

Acting Executive Director

CHEMEXCIL

 

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