Government e-Marketplace

Prelims (GS – I) - Public Policy.

Mains (GS III) – Economic Development and Inclusive Growth.

Why in the news?

Government e-Marketplace (GeM) aims to boost start-up participation through upcoming events like Startup Mahakumbh 2025

• It is India's public procurement portal for purchasing goods and services by central and state government ministries, Departments, Public Sector Units (PSUs), and affiliated entities.
• Launched in - 2016
• Aim - To make the public procurement process transparent, efficient, and inclusive.
• Developed by - Directorate General of Supplies and Disposals (DGS&D) in collaboration with MeitY (Ministry of Electronics and Information Technology) and National e-Governance Division (NeGD).
• GeM is now managed by GeM SPV (Special Purpose Vehicle), a 100% government-owned company under the Ministry of Commerce & Industry.
• Three Pillars of GeM
  • Efficiency - Ensures cost and time savings
  • AI-driven procurement reduces process time.
  • Transparency - Digital footprint ensures no manipulation in transactions.
  • AI tools prevent fraudulent activities.
  • Inclusion - Focus on women-led MSMEs, artisans, Farmer Producer Organizations (FPOs).
  • 50% of businesses on GeM come from MSMEs.
• Advantages of GeM
  • Centralized Platform – Unified portal for government buyers & suppliers.
  • Policy Reforms – Modernized regulations ensure compliance & efficiency.
  • MSME Boost – Supports small businesses & startups in government contracts.
  • Automation & Transparency – Tech-driven system reduces delays & enhances accountability.
• Achievements
  • Business transactions increased from its first year to 2024.
  • Contributed to major government projects, including India’s lunar mission ( Chandrayaan 3).

References

1. GeM| GeM and its advantages
2. Economics Times | Pillars of GeM