Registrations of Informal Micro Enterprises on Udyam Assist Platform Cross 1.50 Crore
Key Points:
- Udyam Assist Platform launched on 11th January 2023 facilitates registration of Informal Micro Enterprises (IMEs).
- SIDBI is the implementing agency for Udyam Assist Platform.
- IMEs without GSTN can register on the platform.
- Registrations of IMEs on Udyam Assist Platform surpassed 1.50 crore in the last 14 months.
- Gazette Notification S.O. 1296(E) dated March 20, 2023 equates Udyam Assist Certificate with Udyam Registration Certificate for availing Priority Sector Lending (PSL) benefits.
- RBI circular on 09.05.2023 classifies IMEs with Udyam Assist Certificate as Micro Enterprises for PSL classification.
Strategies and Methodologies:
- Utilizing the Udyam Assist Platform for IME registrations.
- Understanding the significance of Udyam Assist Certificate for PSL benefits.
"The Udyam Assist Platform facilitates the formalization and recognition of Informal Micro Enterprises, enhancing their access to benefits and opportunities." - Ministry of Micro, Small and Medium Enterprises
Important Takeaways:
It is crucial for aspirants to grasp the significance of platforms like Udyam Assist in formalizing and supporting Informal Micro Enterprises, enabling them to access essential benefits and opportunities in the MSME sector.