Instant & Collateral Free Financing on GeM Sahay
About GeM Sahay
GeM Sahay is an initiative launched by the Government e-Marketplace, which offers a comprehensive financing solution to its proprietorship vendors. The digital platform connects proprietorships with various lenders, including 121 Finance, to avail instant and frictionless financing against their purchase order. The entire process is powered by the GeM Sahay app, through OCEN APIs, which streamlines the lending process and provides quick funds 24×7 without any hassle.
Features of GeM Sahay
Funds against purchase orders
Instant and frictionless financing
Digital platform to connect with various lenders
Unsecured and short-tenure loans available
Benefits of Choosing 121 Finance on GeMSahay
Competitive interest rates
Flexible repayment options
Quick and easy application process
Expert guidance and support throughout the process
24×7 loans in less than 10 minutes
Fee & Charges
Attractive interest rates
Competitive processing fee with no hidden charges
No pre-payment penalties
Any charges are applicable subject to regulatory/statutory feasibility
Eligibility Criteria
You must be the sole proprietor with GST number and registered as a seller on GeM
You should have purchase orders with payment types such as PFMS, GeM Pool, and CRPF Online account
If you wish to avail financing through a lender who is not your primary banker or through an NBFC on the GeM Sahay platform, you must have an Udyam Certificate issued by the Ministry of MSME, India
To know more about GeM Sahay or register, please visit: