It is a License issued by the Local authority to run the listed business by the trader within the jurisdiction of the local body.

it is a means to ensure that the manner in which the business is being carried on is according to the relevant rules, standards and safety guidelines . Every trader engaged in a general trading activity within the territorial limits of any municipal corporation is required to obtain a trade license. The class of trade license differs from state to state and is based on the nature of the business.