Module: General Practice
Q84: Scenario: "Ramesh operates a small tailoring shop with an annual turnover of ₹15 lakh. He does not have a GSTIN and is therefore unable to register on the main Udyam Portal. He needs to formalize his business to avail a Priority Sector Loan."
Action: Which platform allows him to register as an Informal Micro Enterprise (IME)?
✅ Correct Answer: B
Correct Option: B Concept: Udyam Assist Platform (UAP). Context: Launched in 2023, the UAP is designed specifically for Informal Micro Enterprises (IMEs) that are exempted from GST (turnover below ₹40 lakh). Mechanism: Designated Agencies (like Banks) upload the data of such enterprises.
Outcome: The generated Udyam Assist Certificate is valid for availing Priority Sector Lending (PSL) benefits from banks, treating the informal unit as a formal Micro Enterprise.
Outcome: The generated Udyam Assist Certificate is valid for availing Priority Sector Lending (PSL) benefits from banks, treating the informal unit as a formal Micro Enterprise.