In a longstanding demand from retail and trade industry associations, Minister of MSME Nitin Gadkari last week reinstated the status of retailers and wholesale traders as MSMEs.
With the revised guidelines the retail and wholesale trades will now be able to register on the Udyam Registration Portal.
While the move has been hailed by traders and retailers associations, several traditional MSME associations have expressed their concern about the MSME definition’s expansion.
Industry Associations such as Federation of Indian Micro, Small and Medium Enterprises (FISME) have raised the concern about possible misuse of registration in other activities also.