25/11/2023
Celebrating a Milestone in Formalising Informal Enterprises
One Crore Informal Micro Enterprises (IMEs) are now registered on www.udyamassist.gov.in, a joint initiative of Ministry of MSME and SIDBI. While India has over 6.3 crore MSMEs, most of them are IMEs lacking valid documents to register themselves and Udyam Assist Platform assists in their registration. The registered IMEs are issued Udyam Registration No. and Certificate enabling the commencement of their formalisation journey. URN shall be a unique ID for IMEs and acceptable as a valid identification document. It enables PSL coverage of loans to the registered IMEs.
Over 140 Designated agencies like banks, NBFCs, MFIs, etc. have partnered with UAP to assist registration of IMEs. This registration of one crore IMEs in less than 10 months could be achieved with the help of banks, NBFCs, MFIs, IBA, MFIN, OnlinePSBLoans, etc.
Ministry of Micro, Small and Medium Enterprises,Government of India PMO India Department Of Financial Services, GOI
