Question
The onboarding of PNB as a lending partner on the GeM Sahay Portal enables sellers to access which type of loans against GeM purchase orders?
Solution
The onboarding of Punjab National Bank (PNB) as a lending partner on the GeM Sahay Portal enables sellers to access collateral-free short-term loans against GeM purchase orders, improving liquidity and easing cash flow challenges. This partnership empowers Micro, Small and Medium Enterprises (MSMEs) and small businesses by improving access to timely and affordable formal credit.
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