121 Finance Pioneers GeM Sahay 2.0 on OCEN Framework as First Lender
In a significant move, 121 Finance, an RBI-registered NBFC-Factor, has partnered with GeM, a flagship initiative of the Ministry of Commerce and Industry, along with Perfios and Tata Consultancy Services, to launch the enhanced GeM Sahay 2.0 platform, built on the OCEN Framework. This collaboration aims to provide easy access to financing options for MSMEs, driving growth and development. With this partnership, 121 Finance becomes the first lender on GeM Sahay 2.0, offering seamless and efficient financial solutions. The platform is set to revolutionize the way MSMEs access credit, leveraging digital lending and fintech innovations. Key features include simplified loan applications and rapid credit disbursement, making it an attractive option for small businesses.
