8th Incorporation Day of GeM
About GeM
- Launched in 2016, the Government e-Marketplace (GeM) is a 100 percent government-owned company setup under the aegis of the Ministry of Commerce and Industry.
- It is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.
- GeM aims to enhance transparency, efficiency and speed in public procurement.
- GeM was developed with the technical support of the National eGovernance Division under the Ministry of Electronics and Information Technology.
- In 2017, the government made it mandatory for all the departments and ministries to source goods and services from the GeM.
- At present, the platform is open for procurement by all government buyers: central and state ministries, departments, public sector enterprises, autonomous institutions, local bodies, etc.
- In 2022, the government gave its approval for expanding the mandate of GeM to allow procurement by Cooperatives as buyers on GeM.
- As per existing mandate, GeM is not available for use by private sector buyers. Suppliers (sellers) can be from across all segments: government or private.
Did you know?GeM SAHAY app is an initiative to facilitate small sellers to avail of credit financing from various integrated lenders for the orders received on GeM Portal. |
Why in News?
- Government e Marketplace (GeM) marked its 8th Incorporation Day.
- GeM’s user base has seen a threefold increase in recent years, with over 1.64 lakh primary buyers and 4.2 lakh active sellers now onboard.
- GeM has now been adopted across all 36 States and Union Territories, with Uttar Pradesh leading the way.
Subscribe
Login
0 Comments
Oldest