NEW DELHI: The government department and agencies, procuring goods and services from government e-marketplace (GeM) platform, will have to pay one per cent interest on late payments made to vendors, according to the department of expenditure. However, the interest amount will be deposited in an account maintained by GeM. The government has been repeatedly emphasising the need for prompt payment to vendors specially the MSME vendors. For procurement made on (GeM), buyers are mandated to make payments within 10 calendar days after generation (including auto generation) of consignee receipt and acceptance certificate (CRAC) on the GeM. "In order to promote greater discipline and timeliness in payment to vendors, it is decided that whenever a CRAC is auto generated or issued by a buyer and ...