Current Affairs - Banking - Discussion

Punjab National Bank (PNB) partnered with the Government e-Marketplace (GeM) to enhance credit access for platform sellers through the GeM Sahay initiative. Under this collaboration, PNB provides unsecured short-term loans against confirmed purchase orders generated on the GeM portal. This financing mechanism helps address working capital needs and improves liquidity for Micro, Small, and Medium Enterprises (MSMEs), startups, and other emerging businesses. The initiative also integrates financial services into the digital procurement ecosystem, ensuring the timely execution of government orders and strengthening the overall efficiency of public procurement in India.