PNB Signs MoU with GeM to Boost Financial Access for Sellers

Current Context: On 7 April 2026 in New Delhi, Punjab National Bank (PNB) signed an MoU with Government e-Marketplace (GeM).

• The agreement brings PNB onboard as a Lending Partner on the GeM Sahay Portal.
• The collaboration aims to provide collateral-free short-term loans to sellers, especially MSMEs.
• Loans are linked directly to GeM Purchase Orders, ensuring quick access to working capital.
• The process is digital, paperless, and transparent, improving efficiency for sellers.
• This initiative enhances liquidity, cash flow, and financial inclusion for small businesses in government procurement.

Question:

Q.1 Punjab National Bank (PNB) entered into an MoU on 7 April 2026 with which of the following platforms?
a) eNAM
b) Government e-Marketplace (GeM)
c) Udyam Portal
d) NSIC

Answer: b) The agreement was signed with GeM, the government’s procurement portal.