New Delhi, June 17 -- In a bid to address the credit access challenges faced by MSMEs, Government e-Marketplace (GeM) is launching SAHAY, a mobile application to help the MSME sellers listed on the GeMSAHAY app get instant loans.
To address the credit access challenges faced by MSMEs, the latest functionality also being rolled out specially for SMEs is the GeMSAHAY app, Ministry of Commerce & Industry said in a statement on Wednesday.
The #GeMSAHAY initiative paves way for frictionless financing by leveraging fintech. MSEs can now get a loan at the point of acceptance of an order on the #GeM platform. It will help in meeting the working capital needs and ensure access to finance for MSEs, the statement added.
GeM is collaborating ...