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MSME registration now allowed for wholesalers, retailers: RBI to banks SECTIONS Last Updated: Jul 08, 2021, 10:23 AM IST Share Synopsis The Ministry of Micro, Small and Medium Enterprises through an office memorandum had said that retail and wholesale trade would be classified as MSMEs for the limited purpose of priority sector lending and they would be allowed to be registered on Udyam Registration Portal. iStock UAM is a one-page registration form which constitutes a self-declaration format under which the MSME will self-certify its existence, bank account details, promoter s Aadhaar details and other required information. NEW DELHI: Days after the government announced that wholesale and retail trade would come under the ambit of micro, small and medium enterprises, the Reserve Bank of India (RBI) has written to banks that wholesale and retail traders are now allowed to be registered on the Udyam Registration Portal and get classified as an MSME.

Medium enterprisesNational industrial classification codesReserve bankUdyam registration portalRegistration portalUdyam registrationUdyog aadhaar memorandumநடுத்தர நிறுவனங்கள்இருப்பு வங்கிஊதியம் பதிவு போர்டல்பதிவு போர்டல்ஊதியம் பதிவுஉதியோக் ஆதார் மெமோராண்டம்