Mumbai: Punjab National Bank (PNB) has signed a strategic MoU with the Government e-Marketplace (GeM) to enhance financial access for sellers registered on the platform. Under the partnership, PNB will provide unsecured short-term credit to eligible sellers as part of the GeM Sahay initiative, strengthening liquidity and supporting timely order execution.
The MoU was signed by:Ajit B. Chavan, Additional CEO & Chief Seller Officer, GeM, Atish Kumar Rout, General Manager – DBTD, PNB .
This agreement officially onboards PNB as a lending partner on the GeM Sahay platform, enabling sellers to access financing against confirmed purchase orders.
Speaking on the partnership, Shri Atish Kumar Rout, General Manager – DBTD, PNB, stated: “This collaboration with GeM aims to advance Digital India by offering financial support to sellers, reducing manual efforts, and improving transparency and efficiency across the procurement ecosystem.”
