Retailers and Wholesalers can now obtain Udyam Registration

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Udyam Registration Services In India

• https//www.udyogaadhar.co.in/

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Retailers and Wholesalers can now obtain Udyam
Registration
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Retailers and Wholesalers have been facing the
problem of not being able to register under the
MSME Scheme as the same has not been permitted
since the time MSME Registration was implemented.
When MSME Registration was converted into Udyog
Aadhar even then the registration of Retailers
Wholesalers was not permitted by the Ministry of
MSME. Even though the NIC code list consisted of
activities of Retailers Wholesalers under the
broad category of 45, 46 47 still their
registration was not permitted and the same was
mentioned in the Circular issued on 27th June
2017. Further, when Udyam Registration was
implemented even then the Ministry of MSME did
not allow Retailers and Wholesalers to obtain
registration under the MSME scheme and avail
benefits granted under it. For long the
Retailers Wholesalers of India have been making
continuous representations to the Ministry of
MSME and requesting them to be allowed to obtain
registration under the MSME Scheme to avail
benefits granted under the scheme.
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Finally, it seems that the Ministry of MSME under
its new leadership has listened to the people of
India and has issued the below circular. The
Ministry of Micro, Small Medium
Enterprises through its Circular No.
5/2(2)/2021-E/P G/Policy (E-19025) dated
2nd July 2021, has allowed the activities of
Retail and Wholesale Trading falling under the
broad categories of 45, 46 47 of the NIC Codes
to obtain Udyam Registration.
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NIC Codes now approved are elaborated as
follows 45 Wholesale and retail trade and
repair of motor vehicle and motorcycles 4510
Sale of Motor Vehicles 4520 Maintenance
Repair of Motor Vehicles 4530 Sale of Motor
Vehicle Parts Accessories 4540 Sale,
Maintenance Repair of Motorcycles and related
parts and accessories 46 Wholesale trade
except of motor vehicles and motor cycles 4610
Wholesale on a fee or contract basis 4620
Wholesale of agricultural raw materials and live
animals 4630 Wholesale of food, beverages and
tobacco 4641 Wholesale of household goods,
textiles, clothing and footwear
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4649 Wholesale of other household goods 4651
Wholesale of machinery, equipment and supplies,
computers, computer peripheral equipment and
software 4652 Wholesale of electronic and
telecommunications equipment and parts 4653
Wholesale of agricultural machinery, equipment
and supplies 4659 Wholesale of other machinery
and equipment 4661 - Wholesale of solid, liquid
and gaseous fuels and related products 4662 -
Wholesale of metals and metal ores 4663 -
Wholesale of construction materials, hardware,
plumbing and heating equipment and supplies 4669
- Wholesale of waste and scrap and other
products 4690 - Non-specialized wholesale trade
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47 Retail Trade except of Motor Vehicles and
motor cycles 4711 - Retail sale in
non-specialized stores with food, beverages or
tobacco predominating 4719 - Other retail sale
in non-specialized stores 4721 - Retail sale of
food, beverages and tobacco in specialized
stores 4722 - Retail sale of beverages in
specialized stores 4723 - Retail sale of tobacco
products in specialized stores 4730 - Retail
sale of automotive fuel in specialized
stores 4741 - Retail sale of computers,
peripheral units, software and telecommunications
equipment in specialized stores 4742 - Retail
sale of audio and video equipment in specialized
stores 4751 - Retail sale of textiles in
specialized stores 4752 - Retail sale of
hardware, paints and glass in specialized
stores 4753 - Retail sale of carpets, rugs, wall
and floor coverings in specialized stores 4759 -
Retail sale of electrical household appliances,
furniture, lighting equipment and other household
articles in specialized stores
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4761 - Retail sale of books, newspapers and
stationary in specialized stores 4762 - Retail
sale of music and video recordings in specialized
stores 4763 - Retail sale of sporting equipment
in specialized stores 4764 - Retail sale of
games and toys in specialized stores 4771 -
Retail sale of clothing, footwear and leather
articles in specialized stores 4772 - Retail
sale of pharmaceutical and medical goods,
cosmetic and toilet articles in specialized
stores 4773 - Other retail sale of new goods in
specialized stores 4774 - Retail sale of
second-hand goods 4781 - Retail sale via stalls
and markets of food, beverages and tobacco
products 4782 - Retail sale via stalls and
markets of textiles, clothing and footwear 4789
- Retail sale via stalls and markets of other
goods 4791 - Retail sale via mail order houses
or via Internet 4799 - Other retail sale not in
stores, stalls or markets
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The above mentioned activities are now allowed to
obtain registration under Udyam Registration. It
is important to note that even though Retailers
and Wholesalers have been allowed to obtain
registration, the benefits granted under the MSME
Scheme by the Ministry of MSME will not be passed
on to these applicants by default. Currently, the
benefits have been restricted to Priority Sector
Lending only. The enterprises who have been able
to obtain Udyog Aadhaar Memorandum under the
above stated NIC codes can now migrate to Udyam
Registration or apply for a fresh Udyam
Registration.