Key Points
Ease of doing business for MSMEs: Hailing GeMs growth, Prime minister Narendra Modi tweeted on Friday, Excellent!.
Ease of doing business for MSMEs: Public procurement portal for MSMEs to sell goods directly to the government departments and public enterprises Government e-Marketplace (GeM) has registered 88 per cent growth in its gross merchandise value (GMV) or order value in the financial year 2022-23..
According to the data shared by Anupriya Patel, minister of state in the commerce ministry in the Lok Sabha on March 29 in a written reply to a question, MSMEs sold goods worth Rs 422.02 crore in FY17, Rs 5,876.53 crore in FY18, Rs 17,461.61.
Moreover, the number of sellers including MSMEs registered on GeM has also crossed the 60-lakh mark from 50 lakh sellers as of August 2022, adding 10 lakh sellers in around seven months...
All the registered sellers have equal opportunity to participate in the marketplace and bids,Goyalhad said in December last year in the Rajya Sabha responding to a question on the number of suppliers who have actively participated in trade activities on the portal out of the total registered...
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Public procurement: Check out latest procedure for sellers to register on GeM portal here
25, Apr, 23Ease of doing business for MSMEs: So far, goods worth Rs 4.02 crore have been procured by nearly 68,000 buyer organisations from over 60 lakh sellers registered on the platform, of which 8.70 lakh are micro and small enterprise (MSE) sellers.
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01, Apr, 23GeM is a symbol of the speed with which PM Narendra Modi has taken the country forward through modern technology, said the minister.
Procurement from GeM portal crosses Rs 2 lakh crore so far this fiscal
13, Nov, 23GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers, offering a wide range of products and services. Currently, government departments, ministries, public sector units, state governments, and central armed police forces are allowed to carry out transactions through this portal.
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19, May, 23Uttar Pradesh emerged as the largest buyer of goods and services among all states and Union Territories from government portal GeM in 2022-23, according to the central government data.
Public procurement: Govt purchases from MSMEs cross Rs 4 lakh crore through GeM portal
23, Apr, 23Ease of doing business for MSMEs: “Winning with trust! @GeM_India marks another milestone in public procurement. PM @NarendraModi has ensured transparency & a level-playing field for MSMEs and small businesses,” Commerce Minister Piyush Goyal tweeted hailing GeM’s growth.