Banking services chronicle releases the
magazine every month for the candidates who are preparing for bank
examinations. One of the articles which are published in banking serviceschronicle magazine is here which says GeM, SIDBI sign pact in page number 12
of November 2019.
The
govt e –Marketplace portal run by the department of commerce has entered into a
pact with the small industries development bank of india to make it easier for
micro, small and medium enterprices, women entrepeneours, self-help groups, and
various loan benificiaries under special schemes of the govt such as MUDRA and
stand- up india, to sell their products on platform. The memorandum of
understanding signed with SIDBI will enable promotion of special initiatives of
GeM LIKE ‘womania’ and start-up runway’. GeM and SIDBI will take steps to
ensure payments within a guaranteed time-frame to sellers, enhance working
capital availability through bill discounting and check NPAs through control of
end use.
