**Summary:**
This circular, reference number RBI/2021-2022/67 FIDD.MSME NFS.BC.No.1306/02.31/2021-22, dated July 7, 2021, issued by the Reserve Bank of India (RBI), informs all commercial banks (including Small Finance Banks, Local Area Banks, and Regional Rural Banks), all Primary Urban Cooperative Banks, State Cooperative Banks, District Central Cooperative Banks, All-India Financial Institutions, and all Non-Banking Financial Companies about the inclusion of Retail and Wholesale Trade as Micro, Small, and Medium Enterprises (MSMEs) for the limited purpose of Priority Sector Lending. This decision follows the Ministry of Micro, Small and Medium Enterprises' Office Memorandum OM No. 5/2(2021)-EP(G)/Policy dated July 2, 2021. Consequently, businesses engaged in the following NIC codes are now eligible: 45 (Wholesale and retail trade and repair of motor vehicles and motorcycles), 46 (Wholesale trade except of motor vehicles and motorcycles), and 47 (Retail trade except of motor vehicles and motorcycles). Enterprises with Udyog Aadhaar Memorandum (UAM) under these NIC Codes can now migrate to the Udyam Registration Portal or file a fresh Udyam Registration.
For further information, contact Kaya Tripathi, Chief General Manager, Financial Inclusion Development Department, Central Office, Reserve Bank of India, 10th Floor, Central Office Building, Shahid Bhagat Singh Marg, P.B.No.10014, Mumbai – 400001. Tel: 022-22601000, 22621011, 22610943, 22610948. Email: cgmincfidd@rbi.org.in. Website: www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, the publisher of the policy document.
Micro, Small and Medium Enterprises: Refers to businesses that qualify under the MSME Development Act of 2006.
Small Finance Banks: A type of banking institution in India.
Local Area Banks: A type of banking institution in India with a specific geographical focus.
Regional Rural Banks: Regional Rural Banks (RRBs) are financial institutions in India that operate at the regional level.
Primary Urban Cooperative Banks: A type of cooperative bank operating in urban areas in India.
Udyam Registration Portal: Online portal for registering Micro, Small and Medium Enterprises in India.
Mumbai, Maharashtra: City in India where the Central Office of Reserve Bank of India is located.
भारतीय �रज़व� ब�क
_______________________ RESERVE BANK OF INDIA_________________________
www.rbi.org.in
RBI/2021-2022/67
FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22 July 7, 2021
The Chairman/ Managing Director/Chief Executive Officer
All Commercial Banks
(including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks
/ District Central Co-operative Banks
All-India Financial Institutions
All Non-Banking Financial Companies
Dear Sir/Madam,
New Definition of Micro, Small and Medium Enterprises - Addition of Retail and
Wholesale Trade
Please refer to the circulars FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 dated July 2,
2020 on ‘Credit flow to Micro, Small and Medium Enterprises Sector’ and FIDD.MSME &
NFS.BC.No.4/06.02.31/2020-21 dated August 21, 2020, on ‘New Definition of Micro, Small
and Medium Enterprises- clarifications’.
2. In this connection, Ministry of Micro, Small and Medium Enterprises vide Office
Memorandum (OM) No. 5/2(2)/2021-E/P & G/Policy dated July 2, 2021, has decided to
include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector
Lending and they would be allowed to be registered on Udyam Registration Portal for the
following 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
3. The Enterprises having Udyog Aadhaar Memorandum (UAM) under above three NIC
Codes are now allowed to migrate to Udyam Registration Portal or file Udyam Registration
afresh.
Yours faithfully
(Kaya Tripathi)
Chief General Manager
_________________________________________________________________________
िवत् तीय समावेशन औरिवकास िवभाग, के�ीयकाया�लय,10 वीमंिजल, क�द्रीयकाया�लयभवन, शहीदभगतिसंहमाग�,पो� बॉ�सं 10014,मुंबई -400001
Financial Inclusion & Development Dept., Central Office, 10th Floor, Central Office Building Shahid Bhagat Singh Marg, P.B.No.10014,Mumbai-1
टेल ी Tel फै�ः ई मेल cg mincfidd@rbi. org..in
िहंदीआसानहैइसकाप्रयोग बढ़ाइए।
:022-22601000 91-22-22621011/22610943/22610948 - :
चेतावनी : -मेल �रज़व� ब�क �ारा डाक एसएमएस या फोन कॉल के ज�रए िकसी की भी व् य��गत जानकारी जैसे ब�क के खाते का ब्य ौरा पासवड� आिद नही ंमांगी जाती है। यह धन रखने या देने का प्रस् ताव
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