Modification of Guidelines of Interest Subvention Scheme for MSMEs and exempting Udhyog aadhar number (UAN)

RBI vide notification no. RBI/2019-20/155 it has been decided by the Government of India to bring modifications in the operational guidelines which are as follows:

  • Submission of statutory auditor certificate by June 30, 2020, and in the meantime, settle claims based on internal/concurrent auditor certificate.
  • Acceptance of claims in multiple lots for a given half-year by eligible institutions.
  • Requirement of Udyog Aadhar Number (UAN) may be dispensed with for units eligible for GST. For the Unit not required to obtain GST, may either submit Income Tax Permanent Account Number (PAN) or their loan account must be categorized as MSME by the concerned bank.
  • Allow trading activities also without Udyog Aadhar Number (UAN)

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