Implementation of Government directives:

Vendors are requested to kindly ensure that the following schemes are introduced for ensuring
the maximum benefit of the Govt initiatives to all your employees & your business. A
confirmation shall be submitted along with the bid in the format attached.

1. Compliance of Government social security schemes

Government of India has recently introduced Pradhan Mantri Jeevan Jyoti Bima Yojana
(PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to provide life and disability
coverage to the unorganised workers (in the age group 18-50 years) depending upon their
eligibility. PMJJBY gives coverage of Rs.2 lakhs on death at premium of Rs.330/- per annum.
PMSBY gives coverage of upto Rs.2 lakhs on accidental death and disability at premium of Rs.12
per annum.

We request you to ensure that all your employees are enrolled in the said schemes to derive the
maximum benefit of the scheme to your employees.

2. Strengthen the Eco System of MSEs in India

The Government of India has launched the programme such as Govt. e-Market place (GeM)
and Trade Receivable e-Discounting System (TReDS) to strengthen the eco-system of MSE
vendors with the aid of technology

Govt. e-Market place (GeM), an online procurement portal, has been introduced to transform
the way in which public procurement of Goods and Services is done by the Government
Ministries/Departments, PSUs, autonomous bodies etc are done. In order to avail the benefits of
GeM, you are requested to register at the GeM Portal. For ease of registering as a seller on GeM
portal you may visit their web site https://GeM.Gov.in.

The training resources on GeM and contact details of GeM personnel for any assistance are also
available on their website. Please register yourself on GeM Portal and in case you are already
registered, please update your MSE status on GeM Portal.

3. Trade Receivable e-Discounting System (TReDS)

Trade Receivable e-Discounting System (TReDS) is introduced to address challenges faced by

MSEs in delayed payments from Government buyers leading to shortfall of Working Capital.
TReDS is an online electronic institutional mechanism for facilitating the financing of trade
receivables of MSEs through multiple financiers. The TReDS Platform will enable discounting of
invoices/bills of exchange of MSE’s Sellers against large Corporates including Govt. Departments
and PSUs, through an auction mechanism, to ensure prompt realization of trade receivables at
competitive market rates.
Bharat Petroleum Corporation Ltd has identified the following agencies for trade discounting,
interested MSE vendors can contact these agencies, details available in their website.

1. M/s Receivable Exchange of India (RXIL), Mumbai

2. M/s M1xchange
3. M/s A. TREDS (Invoicemart), Mumbai