Key Points
Ease of doing business for MSMEs: The online platform for MSMEs to sell goods and services to the government directly Government e-Marketplace (GeM) has crossed 1 crore transactions since its launch in August 2016..
We are thrilled to announce that the total number of transactions (volume) procured by central ministries and central public sector units (CPSUs) surpassed an incredible 10 million on April 26th, 2023..
As of May 9, the total number of transactions or orders processed on GeM stood at 1.50 crore by 68,620 buyer organizations from over 60 lakh sellers and service providers, of which 8.73 lakh sellers were micro and small enterprises (MSEs), according to the data available on the GeM portal...
The ministry made purchases worth Rs 28,732.9 crore in FY23, up by 90.4 per cent from Rs 15,090.8 crore worth of goods and services bought in FY22, according to the data tweeted earlier by GeM...
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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.
GeM is a digital tool in the national interest: Goyal
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.
States’ procurement via GeM up 60% to 16 lakh in FY23
02, Apr, 23Orders placed by States on the government’s online public procurement platform, Government e Marketplace (GeM), increased 60 per cent in to 16 lakh in FY23 compared to 10 lakh in the previous fiscal with the Health & Family Welfare Department of Gujarat placing the single largest bid of ₹1,120 crore for group mediclaim, as per government estimates.
FY24 services procurement from GeM seen Rs 1.5 lakh crore
01, Nov, 23The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. GeM CEO P K Singh said that services procurement was just Rs 3,069 crore in 2019-20 but reached Rs 65,957 crore in FY23.
Government procures 42 per cent more than the set target from MSEs under the Public Procurement Policy
12, May, 23Ease of Doing Business for MSMEs: The top buyer of MSME goods from GeM was the defence ministry in FY23 which nearly doubled its online procurement from the previous fiscal.
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.
UP government top buyer from GeM portal in FY23
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.