“UBIN” drive has been started for start-ups to begin their new businesses without any delays. What does UBIN stands for?

“UBIN” drive has been started for start-ups to begin their new businesses without any delays. What does UBIN stands for?
[A]Unidentified Business Identification Number
[B]Unique Business Identification Number
[C]Unified Business Identification Number
[D]Unicode Business Identification Number

Unique Business Identification Number
The Government of India (GoI) has started the process for issuance of Unique Business Identification Number (UBIN) for start-up enterprises to begin their new businesses without any delays. The drive has been launched by the Department of Industrial Policy & Promotion (DIPP) under the aegis of Union Ministry of Commerce and Industry. The DIPP will issue the UBIN for the new entrepreneurs after the receipt of related applications. This number would automatically be moved on to Ministry of Corporate Affairs (MCA) portal after it is issued to the intended beneficiary and subsequently sent on to the Central Board of Direct Taxes (CBDT) which would nomenclature it as Permanent Account Number (PAN) for UBIN.


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