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
- GeM| GeM and its advantages
- Economics Times | Pillars of GeM
