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