New Delhi, Sept. 11 -- In a major push toward financial inclusion,PhonePe has launched its digital-first Udyam generation process through the Udyam Assist Platform (UAP). The launch ceremony was graced by the Honourable Union Minister for Micro, Small, and Medium Enterprises, Shri Jitan Ram Manjhi, along with Smt. Y.M. Kumari, Chief General Manager of the Small Industries Development Bank of India (SIDBI).

With this launch, PhonePe becomes the first fintech to provide an end-to-end digital Udyam registration solution, setting itself apart from traditional platforms that still rely on manual certificate issuance.

Developed and implemented by SIDBI as part of the Ministry of MSME's Formalization Project, the Udyam Assist Platform (UAP) si...