"Udyam Assist Platform" developed by the SIDBI caters to which of the following enterprises?

Correct option is D

The Udyam Assist Platform is an initiative developed by the Small Industries Development Bank of India (SIDBI) to specifically support Informal Micro Enterprises. These enterprises typically operate in the informal sector without formal registration or recognition, making it difficult for them to access formal credit, government schemes, or market linkages. Udyam Assist acts as a digital platform to facilitate the transition of such informal micro enterprises into the formal sector by helping them with registration under the Udyam Registration system, enabling easier access to credit, subsidies, and government schemes. This platform aims at improving the ease of doing business for micro entrepreneurs who often remain underserved by traditional banking and institutional frameworks.

Information Booster:

​Udyam Assist focuses on digitizing and formalizing micro-businesses that lack official documentation. By simplifying the registration and compliance process, SIDBI aims to bring these enterprises into the formal economy, thereby expanding their access to credit, financial services, and government benefits, which are crucial for their growth and sustainability. This initiative aligns with government efforts to boost micro, small, and medium enterprises (MSMEs) through formalization.

Additional Knowledge:

• Small Enterprises: While small enterprises are part of the MSME ecosystem, Udyam Assist mainly targets the micro informal segment for formalization rather than already formalized small enterprises.

• Medium Enterprises: Medium enterprises are larger and usually formalized, so they do not fall under the primary focus of this platform.

• Export Oriented Enterprises: These enterprises are specialized and not the main target for Udyam Assist, which focuses on broad informal micro-enterprises regardless of export orientation.