GeM surpassed milestone of One Lakh Crore rupees of procurement value in last fiscal

The GeM Seller Samvad has been held in Mumbai yesterday wherein numerous beneficiaries spoke about how their business has grown overwhelmingly with the help of the online portal.

Earlier, GeM’s Business Facilitator for Maharashtra and Daman and Diu, Mr. Nikhil Patil explained how the Government e-Marketplace works as a one-stop online procurement portal for all Central and State Governments, their Ministries and Departments, and Public Sector Undertakings too. Highlighting the advantages for small and medium-scale enterprise vendors, Mr. Patil said, such companies can get loans if required for fulfilling an order received via GeM.

He added that close to



two thousand minor and about 500 major functionalities have been introduced on the GeM portal in the last two years for increasing the ease of doing business.

 

Launched in August 2016, GeM has facilitated over one crore transactions valued at over 3.02 Lakh Crore Rupees. Notably, the portal had surpassed the milestone of One Lakh Crore rupees of procurement value in the last fiscal.

The portal has 62 thousand registered government buyers and 50.90 lakh sellers, from large conglomerates to MSMEs and women Self Help groups. Currently, GeM has about 300 service categories and over ten thousand product categories.