Question

    As per latest RBI circulars, Udyam Registration is:

    A Optional for government schemes Correct Answer Incorrect Answer
    B Required only for large units Correct Answer Incorrect Answer
    C Mandatory for lending to MSMEs Correct Answer Incorrect Answer
    D Only for manufacturing sector Correct Answer Incorrect Answer
    E Applicable only after disbursement Correct Answer Incorrect Answer

    Solution

    Banks must obtain Udyam Registration to classify a unit under MSME category for priority sector benefits.

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