Ministry of Micro, Small & Medium Enterprises has directed for registration of Informal Micro Enterprises on Udyam Assist Platform. Udyam Assist Platform was launched by the Ministry of Micro, Small and Medium Enterprises on 11th January 2023 to facilitate registration of Informal Micro Enterprises (IMEs) through generation of Udyam Assist Certificate. SIDBI is the implementing agency for the project. IMEs not having GSTN are allowed to register on Udyam Assist Platform.
During the last 14 months, total registrations of IMEs on the Udyam Assist Platform have crossed the figure of 1.50 crore. RBI vide its circular dated 09.05.2023 has also categorised that the IMEs with an Udyam Assist Certificate shall be treated as Micro Enterprises under MSME for the purposes of PSL classification.
