This story is from September 28, 2023
Government e-Marketplace to bring back seller finance programme
NEW DELHI: In a move that will step up financing for sellers registered on its platform, the government's public procurement platform Government e-Marketplace (GeM) will soon launch the second phase of its GeM Sahay initiative. Under the programme, loan coverage of up to Rs 10 lakh will be provided to sellers. In a briefing on Wednesday, GeM CEO Prashant Kumar Singh said that the loan approval time will merely be ten minutes.
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