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Revised definition of MSMEs to include retail trade and wholesale trade for priority sector lending: RBI to banks

July 8, 2021
RBI has informed banks and FIs that Ministry of MSME has decided to include retail and wholesale trade as MSMEs for the limited purpose of priority sector lending and they would be allowed to register on Udyam registration portal for the 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.
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