Government-e-Marketplace signs MoU with SIDBI

Government e Marketplace has signed an MoU with Small Industries Development Bank of India. The MoU aims to benefit MSMEs, women entrepreneurs, Self Help Groups, Women Self Help Groups and various loan beneficiaries under MUDRA and Stand-up India scheme.

GeM and SIDBI will take steps to ensure payments within a guaranteed timeframe to sellers, enhance working capital availability through bill discounting.

Static/Current Takeaways Important For IBPS RRB PO Mains:

  • CEO of GeM: Talleen Kumar; Chairman and MD of SIDBI: Mohammad Mustafa.

Source: The Press Information Bureau

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