SIDBI and the central government’s Government eMarketplace (GeM) are collaborating to make it easier for MSMEs, women entrepreneurs, self-help groups and various loan beneficiaries under special schemes of the government such as MUDRA and Stand-up India, to sell their products on the platform. The 2 entities have entered into a MoU, which will enable promotion of special initiatives of GeM like ‘Womaniya’ and ‘Start-up Runway’. A joint statement said GeM and SIDBI will take steps to ensure payments within a guaranteed timeframe to sellers, enhance working capital availability through bill discounting and check NPAs through control of end use, the release stated. The GeM platform provides online, end-to-end solution for procurement of commonly used goods and services for all central government departments and state governments, public sector units and affiliated bodies.
