In December 2025, the Department of Posts (DoP), also known as India Post, under the Ministry of Communications, and the Small Industries Development Bank of India (SIDBI), under the Ministry of Finance (MoF), signed a Memorandum of Understanding (MoU) in New Delhi, Delhi, to conduct Contact Point Verification (CPV) of Informal Micro Enterprises (IMEs) registered on the Udyam Assist Platform (UAP).
- The MoU aims to enhance data integrity, formalisation, and access to institutional credit for informal micro enterprises across India.
- What? MoU for Contact Point Verification (CPV) of Informal Micro Enterprises (IMEs)
- Entities: Department of Posts (DoP) & SIDBI
- Signatories: Manisha Bansal Badal (DoP), Amit Nagar (SIDBI)
- Platform: Udyam Assist Platform (UAP)
- Objective: Data verification, enterprise formalisation, credit enablement
- Operational Period: 31st December 2025 to 30th December 2027
- Implementation: Uses 1.64 lakh post offices, trained staff, and SIDBI’s CPV mobile app for geo-tagged verification
Key Details of MoU:
Signatories: The MoU was signed by Manisha Bansal Badal, General Manager (GM) (Citizen Centric Services & Rural Business) of DoP and Amit Nagar, Deputy General Manager (DGM) of SIDBI.
Duration: The agreement is valid from 31st December 2025 to 30th December 2027 and extendable by mutual agreement, with strict adherence to data confidentiality, information security, and Goods and Services Tax (GST) compliance.
Verification: The initiative leverages 1.64 lakh post offices and trained postal staff to conduct on-ground, geo-tagged verification of enterprise demographics, business details, and physical locations.
CPV App: The initiative uses SIDBI’s CPV mobile application(app) for real-time, geo-tagged verification, with system access, guidelines, and training to ensure accurate and uniform execution nationwide.
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