BTL 870 - Udyam Assist Certificate

 

The Banking Tutor’s Lessons

BTL 870                                                                                15-02-2026

Udyam Assist Certificate  

The Udyam Assist Certificate is a digital document issued to Informal Micro Enterprises (IMEs) lacking GST numbers, enabling them to register via the Udyam Assist Platform (UAP).

Launched on January 11, 2023, by the Ministry of MSME and implemented by SIDBI, this certificate allows unregistered, small businesses to access Priority Sector Lending (PSL) benefits.

Key Aspects of the Udyam Assist Certificate:

Purpose: Formalizes informal micro-businesses (e.g., street vendors, artisans, small traders) without requiring GST registration.

Validity: Treated equally to a regular Udyam Registration Certificate for availing PSL benefits, according to RBI guidelines.

Process: Registration is assisted by Designated Agencies (DAs) like banks, NBFCs, or MFIs who use Aadhaar and PAN data to generate a Unique Registration Number (URN).

Application: Registered IMEs can download their certificates directly from the UAP portal.

IMEs with an Udyam Assist Certificate shall be treated as micro enterprises for the purpose of PSL classification.

Sekhar Pariti

+91 9440641014