Is GeM Sahay Loan App Safe? RBI DLA Directory Verdict
Directory checked 2026-10-12
- ✅ Listed in RBI's DLA directory as “GeM Sahay”
- 🏛️ Deployed by: 3 regulated entities (see below)
- 📧 Grievance officer: executive-admingr3@gem.gov.in
- 🛡️ Complaint route: RBI CMS portal (free)
🔍 GeM Sahay — What RBI's DLA Directory Records
| Regulated entity | 121 FINANCE PRIVATE LIMITED (OLD NAME YERROW FINANCE AND INVESTMENTS PRIVATE LIMITED) (NBFC) |
| LSP (Lending Service Provider) | Government Emarketplace |
| Entity website | https://121finance.com |
| Grievance officer | Anil Kumar |
| Grievance contact | executive-admingr3@gem.gov.in · 1140733550 |
| Regulated entity | GETGROWTH CAPITAL PRIVATE LIMITED (NBFC) |
| LSP (Lending Service Provider) | Government Emarketplace |
| Entity website | https://getgrowthcapital.co/ |
| Grievance officer | Anil Kumar |
| Grievance contact | executive-admingr3@gem.gov.in · 1140733550 |
| Regulated entity | PUNJAB NATIONAL BANK (BANK) |
| LSP (Lending Service Provider) | OPL Innovate Pvt. Ltd |
| Entity website | https://www.pnb.bank.in/ |
| Grievance officer | Manuj Pratap Singh |
| Grievance contact | sme.digital@pnb.bank.in · 1128073057 |
📱 Distributed via: Google Play · iOS App Store · Website · Gem Portal
Source: RBI — Digital Lending Apps deployed by Regulated Entities (public directory), checked 2026-10-12. Listings are reported by the regulated entities on RBI's CIMS portal without further validation by RBI — a listing is not an RBI endorsement. Always confirm the lender named inside the app matches the entity above before sharing documents.
Not sure GeM Sahay is your best option?
No app. No contacts access. Just your offer — from 100+ RBI-registered lenders, with no CIBIL hit.
Get Real Offers — Free →Popular with borrowers
❓ Quick Answers
Is GeM Sahay loan app safe?
GeM Sahay is listed in RBI's public directory of Digital Lending Apps, deployed by 3 regulated entities including 121 FINANCE PRIVATE LIMITED (OLD NAME YERROW FINANCE AND INVESTMENTS PRIVATE LIMITED) (NBFC). The listing is reported by the regulated entity on RBI's CIMS portal — always confirm the lender named inside the app matches one of these entities before sharing KYC.
Which lender is behind GeM Sahay?
GeM Sahay is deployed by 3 RBI-regulated entities: 121 FINANCE PRIVATE LIMITED (OLD NAME YERROW FINANCE AND INVESTMENTS PRIVATE LIMITED), GETGROWTH CAPITAL PRIVATE LIMITED, PUNJAB NATIONAL BANK. Your loan agreement names the specific entity for your loan — check it there.
GeM Sahay customer care / grievance contact?
The grievance redressal officer on record for 121 FINANCE PRIVATE LIMITED (OLD NAME YERROW FINANCE AND INVESTMENTS PRIVATE LIMITED) is Anil Kumar — executive-admingr3@gem.gov.in, 1140733550. Use this official contact, not helpline numbers found via Google search (scam helplines target loan-app users).
How do I complain against GeM Sahay?
Step 1: raise the issue inside the app. Step 2: email the grievance officer (executive-admingr3@gem.gov.in). Step 3: no resolution in 30 days — escalate free to the RBI Ombudsman at cms.rbi.org.in.
📚 Related
Check Another Loan App →
Instant verdict against RBI's DLA directory.
RBI Complaint (free) →
RB-IOS 2026 — no lawyer needed.
Report a Fake Loan App →
Verify the NBFC + Sachet filing walkthrough.
Low CIBIL Loan Apps →
Lenders that approve below 650.
Compare GeM Sahay vs 100+ Lenders — Free →
Zero CIBIL impact. Real offers in 30 seconds.