Daily Current Affairs Quiz 2019<\/a><\/strong><\/p>\n\n\n\nSpeaking on the occasion, CEO GeM, Talleen Kumar,\nhighlighted thatpartnership with financial institutions like SIDBI is necessary\nin GeM\u2019s journey towards outreach to MSMEs, Micro Enterprises, Start-ups,\nArtisans, who can now also sell to Government on an open, transparent and\ntechnology-driven platform. The Government eMarketplacewants to empower these\nsellers throughthepayments within a guaranteed time frame by auto-debiting GeM\nPool Account, provide working capital by giving the choice of Bill Discounting\nto MSMEs \u2013 with only PSU banks initially, by linking cost of working capital to\nthe performance and rating of the seller, and by providing creditors better\nvisibility on end use of working capital loans. This will contribute\ntremendously to the growth of MSMEs and Start-ups.<\/p>\n\n\n\n
Chairman and MD, SIDBI, Mohammad Mustafa, hailedGeM for its\nefforts to align SHGs, women entrepreneurs, artisans, NGOs, Start-ups and other\nsectors with public procurement and strengthen the existing MSME ecosystem.\nWhile highlighting various efforts of SIDBI to ensure access to finance for\nMSMEs in the country, he mentioned that, the MoU would strengthen capacity\nbuilding through GeM-specific training programmes of personnel from partner\nagencies, value-added services through networking, workshops, marketing events,\nawards and recognition of MSMEs with special focus on SHGs, women\nentrepreneurs, artisans, NGOs, Start-ups and micro enterprises. <\/p>\n\n\n\n
The MoU of GeM with SIDBI is yet another step towards its\ngrowing partnership with financial institutions to enable growth of MSMEs and\nStart-ups in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
Government e Marketplace (GeM), Department of Commerce, Ministry of Commerce and Industry has signed an 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. This […]<\/p>\n","protected":false},"author":13,"featured_media":5707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[708,707,706,705],"class_list":["post-5706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-ministry-of-commerce-and-industry","tag-department-of-commerce","tag-government-e-marketplace","tag-small-industries-development-bank-of-india"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/5706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=5706"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/5706\/revisions"}],"predecessor-version":[{"id":5708,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/5706\/revisions\/5708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/5707"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=5706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=5706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=5706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}