MSME Registration

[MANOHAR KALBURGI]

Hi

Can a trader in pharmaceutical (who purchases from manufacturer and supplies to medical outlets) is eligible to be registered under MSME scheme??

Thank You in advance

AI Summary

Pharmaceutical trader's MSME eligibility questioned; retailers typically ineligible. Revised MSME definitions increase investment and turnover limits. A trader in pharmaceuticals questioned eligibility for MSME registration. Responses clarified that retailers or traders are typically not eligible for MSME registration, but they may qualify for the ECLGS scheme. The Cabinet Committee on Economic Affairs approved revisions to MSME definitions, increasing investment and turnover limits for micro, small, and medium enterprises. The government introduced several measures under the Atmanirbhar Bharat Package to support MSMEs, including collateral-free loans, revised definitions, and restrictions on global tenders to boost domestic opportunities. The MSME sector is vital to India's economy, contributing significantly to GDP and employment.