Sunday, June 23, 2024

Another GeM in the Crown: Govt e-Marketplace crosses Rs 1 lakh crore order value

Prime Minister Narendra Modi applauded the Central Government’s web portal, Government e-Marketplace (GeM), to procure goods and services for central and state government, for achieving the milestone of Rs 1 lakh crore order value in one year.

The Prime Minister wrote on Twitter, “Happy to know that @GeM_India has achieved order value of Rs 1 Lakh Crore in a single year! This is a significant increase from previous years. The GeM platform is especially empowering MSMEs, with 57% of order value coming from MSME sector.”

Minister of Commerce & Industry Piyush Goyal also shared a short video and congratulated the stakeholders of GeM for their contribution towards the Government’s vision of AtmaNirbharBharat.

The Union Minister Tweeted,” Today, GeM has clocked order value of INR 1 Lakh crore in a single year in FY 2021-22. Congratulations to all stakeholders especially the sellers in MSME sector, women entrepreneurs, startups, weavers and artisans in continuing to contribute to the vision of an AtmaNirbharBharat.”

As per the government data, order worth Rs 422 Crore were placed in the initial year, which rose to a whopping Rs 6,188 Crore in the next year. The web portal registered Rs 38,500 Crore orders in the pandemic year of 2020-21 that increased up to 160 per cent crossing the mark of Rs 1 lakh crore in the current financial year.

GeM- Govt e-Marketplace crosses Rs 1 lakh Cr order value

Reportedly, the launch of the ‘Womaniya’ scheme for women entrepreneurs and women-led self-help groups or SHGs, selling their handicrafts, handloom, accessories, etc. directly to government ministries and departments, and training of women entrepreneurs by various national and state women organisations is considered to be one of the reasons of the growth of GeM.

About GeM:

Government e-Marketplace (GeM) is a digital marketplace where local vendors provide common user goods and services to Government officers. Modi Government began this initiative to bring transparency in government offices and give a push to SMEs. The purchases through GeM by Government users have been authorised and made mandatory by the Ministry of Finance by adding a new Rule No. 149 in the General Financial Rules, 2017.

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