AnyTime News 
Digital Push in Procurement: Paperless Lending to Enhance Transparency and Ease of Doing Business
Pooja Srivastava, Anytime News Network
On April 7, 2026, Punjab National Bank signed a strategic MoU with Government e-Marketplace (GeM) to enhance financial access for vendors across India. With this agreement, PNB has been onboarded as a lender on the GeM Sahay portal, enabling seamless credit availability.
This initiative allows vendors to access quick, collateral-free short-term loans against GeM purchase orders. It is expected to significantly improve working capital availability and address cash flow challenges, particularly for MSMEs and small businesses that often struggle with timely access to formal credit.
The agreement was signed by Ajit B. Chavan, Additional CEO & Chief Seller Officer of GeM Sahay, and Atish Kumar Raut, General Manager of Digital Banking Transformation at PNB.
Atish Kumar Raut stated that this collaboration aligns with the Digital India vision, aiming to reduce manual intervention and enhance transparency through a fully digital, paperless loan processing system.
By integrating procurement with financing, this initiative strengthens ease of doing business, expands vendor participation, and promotes a more inclusive, tech-driven digital ecosystem in India.
