Current Affairs - Finance - Discussion

The initiative to verify informal micro enterprises on the Udyam Assist Platform is a collaborative effort between the Department of Posts and SIDBI. In this arrangement, India Post is responsible for conducting nationwide, geo-tagged Contact Point Verification through its extensive field network. The responsibility for providing the technological backbone lies with SIDBI, which supplies the CPV mobile application, supporting systems, and necessary training. This ensures accurate data collection and helps verified enterprises gain smoother access to institutional credit, aligning with SIDBI’s role in promoting MSME development.