Question
GeM is going to launch a new version of the existing
portal GeM- SAHAY.Which of the following information is correct with respect to the above fact? I.Infosys will become GeM’s new technology partner, and will take control of the existing portal and build a new one. II. GeM’s revamped instant-credit disbursal initiative — GeM SAHAY 2.0 will be made available for all businesses except sole proprietorships. III.The loan coverage will be up to Rs 10 lakh and the loan will be approved in 10 minutes.Solution
 GeM follows a rigorous vendor validation process, which includes a two-step contactless process, where online forms are used to submit and validate essential business documents.Mobile-application based video assessments are conducted to ascertain the credentials of the applicant. However, this is a one-time verification process. Tata Consultancy Services (TCS) will become GeM’s new technology partner, and will take control of the existing portal and build a new one. The portal is currently being managed by a consortium of companies, including Infibeam Avenues, which had a five-year contract. GeM’s revamped instant-credit disbursal initiative — GeM SAHAY 2.0 — will be made available for all businesses instead of only sole proprietorships. Banking and finance partners such as AU Small Finance Bank, ICICI Bank, Kotak Mahindra Bank, Lendingkart and Tata Capital, among others,have onboarded. The loan coverage will be up to Rs 10 lakh and the loan will be approved in 10 minutes. Through the GeM SAHAY initiative, all sellers will be able to get collateral-free loans at the point of acceptance of an order at competitive interest rates. It will provide the working capital required to complete an order.
When was the Lucknow Pact Signed by the Muslim League and the Indian National Congress?
Who among the following deciphered the Brahmi Script of the Mauryan period?
The Economist Intelligence Unit (EIU) published the Global Liveability Index 2022. According to it which is the most liveable city in the world?Â
Which actinide, discovered by Glenn T Seaborg in 1940, is used as a heat source for sensitive electrical components in satellites as well as a power sou...
What is the minimum escape velocity of rocket to be launched into space?
 Who has been appointed as the Director-General of ILO (International Labour Organization)
What was the rank of India in World Press Freedom Index 2018?
The ______ is celebrated at Shilpgram in February every year.
The Quit India Movement started in the year:
Who said “we are also human beings” in Chavdar Tank Satyagraha?