Quick Summary
The Ministry of MSME has made the Aadhaar authentication for informal micro units voluntary to encourage informal micro enterprises (IMEs) for Udyam registration to the benefits of priority sector lending (PSL). MSME Development Commissioner Dr Rajneesh issued the notification regarding this matter on May 22, 2023. Having been authorised by the central government, the MSME ministry hereby notifies that Aadhaar authentication of enterprises shall be performed, on voluntary basis, using
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The MSME Ministry has made Aadhaar authentication voluntary for informal micro units during the Udyam registration process.
This change is intended to encourage informal micro enterprises to register and access benefits such as priority sector lending.
The notification regarding the voluntary Aadhaar authentication was issued on May 22, 2023.
The Udyam Assist Platform (UAP) was launched by the MSME Ministry to help informal micro enterprises get registered and access priority sector lending, even if they are not registered under GST.
The central government authorised the MSME Ministry for the Aadhaar authentication of informal micro enterprises (IMEs) in March 2023.
CAclubindia
