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 ...

Do traders come under MSME?

Can trading companies register under MSME? No. MSME covers only manufacturing and service industries. Trading companies are not covered by the scheme.

Are traders eligible for MSME Udyam registration?

The Reserve Bank of India (RBI) has written to banks in this regard, informing them that whole and retail traders are now permitted to be registered on the Udyam Registration Portal and get categorised as an MSME.