📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      What is the purpose of the Udyam Assist Portal (UAP)

      certificate issued to Informal Micro Enterprises (IMEs)?
      A To classify IMEs as large enterprises Correct Answer Incorrect Answer
      B To treat IMEs as small enterprises for PSL benefits Correct Answer Incorrect Answer
      C To treat IMEs as micro enterprises for PSL purposes Correct Answer Incorrect Answer
      D To register IMEs as export-oriented units Correct Answer Incorrect Answer
      E To certify IMEs for international trade Correct Answer Incorrect Answer

      Solution

      The Udyam Assist Portal (UAP) certificate issued to Informal Micro Enterprises (IMEs) serves the purpose of formally registering these unregistered small businesses, allowing them to access benefits like Priority Sector Lending (PSL) by treating their UAP certificate as equivalent to a regular Udyam Registration Certificate, essentially bringing them under the formal MSME framework even without a GST number; this initiative is aimed at facilitating financial inclusion for small businesses that might otherwise struggle to access credit due to lack of formal registration.  

      Practice Next
      More Current Financial Awareness Questions

      Relevant for Exams:

      ask-question