Government e Marketplace (GeM) signs pact with SIDBI to enable growth of MSMEs, Start-ups and Women Entrepreneurs

The Government e Marketplace (GeM) has signed an MoU with Small Industries Development Bank of India (SIDBI) to benefit MSMEs, women entrepreneurs, Self Help Groups (SHGs), Women Self Help Groups (WSHGs) and various loan beneficiaries under MUDRA and Stand-up India scheme. The MoU will enable promotion of special initiatives of GeM like Womaniya and Start-up Runway with SIDBI stakeholders. GeM and SIDBI will also take steps to ensure payments within a guaranteed time-frame to sellers, enhance working capital availability through bill discounting and control NPAs through control of end use.