MSME registration now allowed for wholesalers, retailers: RBI to banks

2021-07-08 10:12:11

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.

Udyam Registration Portal is the official portal to register an MSME.

The Ministry of Micro, Small and Medium Enterprises through

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MSME Udyam Portal: A Step-By-Step Guide on How to Register Small Businesses

If you are a new entrepreneur having a micro, small or medium business, you will have to register yourself on Udyam portal launched by the Ministry of Micro, Small and Medium Enterprises (MSME) in 2020. According to the ministry, the MSME will be known as Udyam and its registration process is known as ‘Udyam Registration‘. After the process, the MSME will get a permanent registration number and a certificate will be issued online. The certificate will have a

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MSME Udyam Registrations Portal: No Registration Fee and Other Key Benefits

The Union Government after obtaining the recommendations of the Advisory Committee, had approved the modalities and road map for the micro, small and medium enterprises (MSME) in June last year. In order to confirm to the new definition of MSMEs and ease of doing business, the earlier EM-I/ II and Udyog Aadhaar Memorandum (UAM) registration process was replaced by a new registration portal under Udyam Registration in July last year. The move behind introducing the new system was to simplify

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MSME Udyam Portal Registration Simplified: No Joining Fee and Other Key Details

The enterprises, which were registered under EM–Part-II or UAM before June 30, 2020, need to register again according to the new MSME classification rules that were released by the ministry on June 26, 2020.

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