Government e Marketplace (GeM), Department of Commerce, Ministry of Commerce and Industry has signed a MoU with Small Industries Development Bank of India [SIDBI] to benefit MSMEs, women entrepreneurs, Self Help Groups (SHGs), Women Self Help Groups and various loan beneficiaries under MUDRA and Stand-up India scheme. The MoU was signed in New Delhi yesterday. This MoU will enable promotion of special initiatives of GeMlike Womaniya and Start-up Runway with SIDBI stakeholders. GeM and SIDBI will take steps to ensure payments within a guaranteed timeframe to sellers, enhance working capital availability through bill discounting and control NPAs through control of end use.
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