Punjab National Bank (PNB) partners with Government e-Marketplace (GeM) to offer collateral-free short-term loans to sellers.

Exam-focused facts from the 10 April 2026 current affairs briefing.

Key facts

Punjab National Bank (PNB) signed an MoU with Government e-Marketplace (GeM) to provide swift, collateral-free short-term loans against GeM purchase orders.
The facility targets Micro, Small, and Medium Enterprises (MSMEs) and small businesses facing hurdles in securing timely and affordable credit.
Loan processing will be transparent, efficient, digital, and paperless as per PNB.