GeM Sahay, an initiative launched by Government EMarketplace(GeM), brings a complete financing solution for Proprietorships on GeM. The app will assist proprietorships to avail instant, frictionless financing to serve the Government orders without any hassle. Over the period, GeM has observed the necessity of an initiative like this that can provide an end-to-end digital solution, grant loans instantly, collateral-free, and without requiring the consent of any buyers.
With GeM Sahay, GeM brings a revolutionizing change that'll encourage and assist proprietorships to grow leaps and bounds with GeM. With top financial lending banks as our partners, proprietorships will get loans at the point of acceptance of an order at the best interest rates with easy registration via Udyam and Aadhar, free of charge. No fee is associated under GeM Sahay, apart from the interest rate charged by the lenders.
Staying true to GeM's third pillar of inclusivity, SAHAY will help proprietorships in selecting the orders that they would need to share with the lenders for availing of financing-ensuring lenders to offer loan offers on the shared orders in real-time.
The journey has been long, and with this initiative, GeM looks forward to enabling the wider participation of proprietorships from all over the country.