GeM is going to launch a new version of the existing portal GeM- SAHAY.Which of the following information is correct with respect to the above fact?
I.Infosys will become GeM’s new technology partner, and will take control of the existing portal and build a new one.
II. GeM’s revamped instant-credit disbursal initiative — GeM SAHAY 2.0 will be made available for all businesses except sole proprietorships.
III.The loan coverage will be up to Rs 10 lakh and the loan will be approved in 10 minutes.
GeM follows a rigorous vendor validation process, which includes a two-step contactless process, where online forms are used to submit and validate essential business documents.Mobile-application based video assessments are conducted to ascertain the credentials of the applicant. However, this is a one-time verification process. Tata Consultancy Services (TCS) will become GeM’s new technology partner, and will take control of the existing portal and build a new one. The portal is currently being managed by a consortium of companies, including Infibeam Avenues, which had a five-year contract. GeM’s revamped instant-credit disbursal initiative — GeM SAHAY 2.0 — will be made available for all businesses instead of only sole proprietorships. Banking and finance partners such as AU Small Finance Bank, ICICI Bank, Kotak Mahindra Bank, Lendingkart and Tata Capital, among others,have onboarded. The loan coverage will be up to Rs 10 lakh and the loan will be approved in 10 minutes. Through the GeM SAHAY initiative, all sellers will be able to get collateral-free loans at the point of acceptance of an order at competitive interest rates. It will provide the working capital required to complete an order.
The marks obtained by A is 25% more than B, and the marks obtained by C is 144 more than the difference of the marks obtained by A and B. If C obtained ...
A man invested all his current month income in starting of a new business in which he spends 40% in advertisement 25% of remaining in furniture 20% of r...
Raj scored 30% marks in a test and failed by 40 marks, while Meena scored 50% marks in the same test and failed by 10 marks. Find the passing marks of t...
The only expenses of Arun are on grocery, rent and fun expenses. Arun spent Rs. 4,250 on fun, amount spent by him on rent is Rs. 9,000 more than that on...
In a zoo, 25% of the people are males. 40% of the remaining are females and the remaining 720 are children’s. Find the total number of people in a...
If the price of sugar increases by 40%, by what percentage should a family reduce its sugar consumption so that the family's expenses do not increase...
Raj saves Rs. 6000 more if he spends 55% of his income instead of 70%. Find the savings of Sanjay whose income is 25% more than that of Raj, and spends ...
In an election, two candidates participated. 20% voters did not cast their votes, out of which 600 votes declared invalid and the winner get 75% of the ...
The population of a city is decreased by 20% in the first year and then increased by 32% in the second year. Find the population of the city at the end...
The population of a city is decreased by 14% in the first year and then increased by 21% in the second year. Find the population of the city at the end...