India Post and SIDBI Signs MoU for IMEs Verification on Udyam Assist Platform

The Department of Posts, under the Ministry of Communications, and the Small Industries Development Bank of India have entered into a formal agreement to strengthen verification and data reliability for informal micro enterprises across India. 

Scope and Institutional Framework 

Under the MoU, the Department of Posts and the Small Industries Development Bank of India will collaborate to undertake Contact Point Verification of informal micro enterprises registered on the Udyam Assist Platform.  

The agreement establishes a structured institutional framework to support enterprise verification, data integrity and credit enablement initiatives nationwide.  

The MoU was signed on behalf of the Department of Posts by Manisha Bansal Badal, General Manager (Citizen Centric Services and Rural Business), and on behalf of SIDBI by Amit Nagar, Deputy General Manager. 

Implementation Model and Technology Support 

India Post will leverage its nationwide network of over 1.64 lakh post offices, trained field workforce and last-mile reach to carry out on-ground verification.  

The CPV process will include confirmation of demographic details, business particulars and location-based validation supported by geo-tagged evidence, in line with the framework prescribed by SIDBI.  

The initiative will be executed through a dedicated CPV mobile application developed by SIDBI, enabling real-time data capture, secure uploading of geo-tagged photographs and timely submission of verification reports.  

SIDBI will provide system access, backend infrastructure, operational guidelines and training support to ensure uniform and high-quality execution across regions. 

Duration, Platform Role and Broader Context 

SIDBI, the principal financial institution for MSME promotion and the designated agency for developing and administering the Udyam Assist Platform, is instituting the CPV mechanism to ensure the accuracy, authenticity and reliability of enterprise-level information and improve access to institutional credit.  

The MoU will remain valid for 2 years, from December 31, 2025, to December 30, 2027, with provisions for extension on mutually agreed terms. The agreement also includes clauses related to data confidentiality, information security, GST compliance and structured payment mechanisms. 

Read More: Life Insurance Penetration Falls for Third Year; Overall Insurance Coverage Stays Flat in FY25! 

Conclusion 

The partnership combines India Post’s citizen-centric service delivery capabilities with SIDBI’s enterprise platform to support MSME development, financial inclusion and the formalisation of the informal economy through a nationwide verification framework. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.