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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.
Length and breadth of a rectangular field is (x + 5) cm and (x – 4) cm, respectively. If the cost of ploughing the field at a rate of Rs. 7 per cm² i...
Ajay lists an item at 42% higher than its cost price and gives a 20% discount on this marked price. Determine the percentage of p...
In what ratio should Darjeeling Tea costing Rs. 500 per kg mixed with Assam Tea costing Rs. 350 per kg, so that by selling the mixture at Ra. 480 per ...
A trader mixes two types of rice varieties with a cost of Rs.68 and Rs.80. If he sells the mixture of Rs.88 at 25% profit, in what ratio he mixes two ty...
In what ratio rice at 47 Rs/kg should be mixed with the rice at 28 Rs/kg so that selling mixture at Rs 45 per kg gives the profit of 25% if the quantity...
A car travel 20km/h for 30 min and at x km/h for 45 min. If the average speed of the car for entire journey is 14 km/h find the value of x.
If 120 liters of milk solution contains 60% milk, how much milk should be added to make the solution 80% milk?
A shopkeeper has 76 kg rice a part of it, he sells at the profit of 48% and rest at loss of 28% and he get the loss of 16% so what is the quantity sold ...
In a Mixture, the ratio of Milk and Water is 7: 5. If 12 litre mixture drawn off and replace by 8 litre water then the ratio of Milk and Water become 1...