GeM Sahay app launched to help MSME sellers get instant loans

GeM Sahay app launched to help MSME sellers get instant loans

New Delhi, Jul 29 (KNN) In order to meet the challenges of accessing credit faced by MSMEs, the Government e Marketplace (GeM) has launched a mobile application called “GeM Sahay” for business owners that will allow them to take advantage of financing opportunities on the GeM. .

According to GeM, this program has been designed and tested for a better sales experience.

” Thank you for your service on the GeM platform. As a valued GeM seller, your financial progress is of the utmost importance to us. As part of our latest effort, we are pleased to inform you that we have launched an Early Access Program for Homeowners which will allow you to take advantage of funding opportunities on GeM, ” said an official from several associations. industrial.

If you are a business owner, you can take advantage of the funding opportunity through a mobile app called GeM Sahay. This application will allow you to apply for and benefit from short term financing on purchase orders that you receive on the GeM portal. This program will have the participation of the best lenders in the country, offering services at the best interest rates, ” the letter read.

The service through the app will be free and no fees, except for the interest rate charged by the lenders, would be payable.

” You (the sellers) will be able to select the orders of your choice that you want to share with the lenders for financing. Lenders will come back with real-time shared order loan offers! ” He added.

GeM said detailed terms and conditions will be shared with sellers before taking advantage of the funding opportunity and consent for sharing their GeM related data will also be requested for the same.

“ If you want to learn more and want to subscribe to this early access service as an early adopter, please check this out now: https://gem.gov.in/sahay, ” he said. he assures.

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