Module: General Practice
Q82: Consider the following statements regarding the "Udyam Assist Platform" (UAP) launched by the Ministry of MSME:
It is designed to bring "Informal Micro Enterprises" (IMEs) into the formal ambit by generating a Udyam Registration Number.
It allows IMEs to register without a mandatory Goods and Services Tax Identification Number (GSTIN).
Enterprises registered via UAP are eligible for Priority Sector Lending (PSL) benefits.
Which of the statements given above are correct?
It allows IMEs to register without a mandatory Goods and Services Tax Identification Number (GSTIN).
Enterprises registered via UAP are eligible for Priority Sector Lending (PSL) benefits.
Which of the statements given above are correct?
✅ Correct Answer: D
All statements are correct.
The Udyam Assist Platform (UAP) was launched to formalize Informal Micro Enterprises (IMEs) like street vendors who lack a GSTIN.
It allows banks to share data of such borrowers to generate a Udyam Number without a GSTIN.
The RBI has notified that the Udyam Assist Certificate is valid proof for Priority Sector Lending (PSL) classification.
The Udyam Assist Platform (UAP) was launched to formalize Informal Micro Enterprises (IMEs) like street vendors who lack a GSTIN.
It allows banks to share data of such borrowers to generate a Udyam Number without a GSTIN.
The RBI has notified that the Udyam Assist Certificate is valid proof for Priority Sector Lending (PSL) classification.