RBI directs banks to extend priority loans to GST-Exempted informal units with UAC

Last updated: 12 May 2023

The Reserve Bank of India (RBI) has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017, but having the Udyam Assist Certificate (UAC) as micro enterpris

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