UPSC Current Affairs
GeM PORTAL
procurement from Government e Marketplace (GeM) crosses Rs. ABOUT GeM It facilitates end to end procurement of goods & services by various central & state government departments, organisations & allied PSUs. It provides paperless, cashless & contactless ecosystem for government buyers to directly purchase products & services from Pan India sellers & service providers through a unified online infra.
VRAuthor Desk
2 min read
procurement from Government e Marketplace (GeM) crosses Rs. ABOUT GeM It facilitates end to end procurement of goods & services by various central & state government departments, organisations & allied PSUs. It provides paperless, cashless & contactless ecosystem for government buyers to directly purchase products & services from Pan India sellers & service providers through a unified online infra.
procurement from
Government e Marketplace (GeM) crosses Rs. 4 Trillion this fiscal.
ABOUT GeM
It facilitates
end to end procurement of goods & services by various
central & state government departments,
organisations &
allied PSUs.
It provides
paperless, cashless & contactless ecosystem for government buyers to directly purchase products & services from Pan India sellers & service providers through a unified online infra.
Timely payment settlements is a remarkable feature of GeM which has resolved a major issue of delayed payments.
STATUS OF PUBLIC PROCUREMENT
Government procurement in India comprises nearly 20-25% of GDP. In this context, the importance of
efficient public procurement cannot be overstated.
With the vision of:
- Inclusive development,
- Corruption free governance &
- Ease of doing business,
GeM was
conceptualised in 2016 as a
Special Purpose Vehicle (SPV) under
section 8 of the
Companies Act under Department of Commerce.
THE GROWTH TRAJECTORY OF GeM
- Gross Merchandise Value (GMV) recorded in the first year: INR 420 Cr
- Gross Merchandise Value (GMV) recorded in the FY 20-21: INR 38000 Cr
- Gross Merchandise Value (GMV) recorded in the FY 21-22: INR 1 lakh Cr
- Gross Merchandise Value (GMV) recorded in the FY 22-23: INR 2 lakh Cr
- Gross Merchandise Value (GMV) recorded in the FY 23-24: INR 3 lakh Cr
GeM PROMOTING EASE OF DOING BUSINESS
- Gem as a Facilitator.
- Transformation through cost reduction & efficiency.
- Inclusive empowerment of sellers.
- Seamless registration process.
- Dynamic goods & services platform.
- Diverse buying modes (Direct purchase, bidding, reverse & forward auction, etc)
- Contract Management.
- Cashless payments & timely transactions.
- Information visibility.
- Trust based rating system
- Demand forecasting
- Establishing price reasonability.
- Training
- Communication & Support
- Responsive contact center
- Dispute resolution features.
- GeM Sahay for providing loans to the sellers.
- Next Gen GeM Platform.
- Prelims: Key facts, institutions, locations and terminology in the article.
- Mains: Connect the topic with Economy, Polity & Governance.
- Revision: Use the article headings to prepare concise notes and answer-writing points.
Test your understanding
Questions from this article
Prelims practiceWith reference to GeM PORTAL, consider the following statements:
- Corruption free governance &
- Gross Merchandise Value (GMV) recorded in the first year: INR 420 Cr
- Gross Merchandise Value (GMV) recorded in the FY 20-21: INR 38000 Cr
Which of the statements given above are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
View answer
Answer: (d) 1, 2 and 3. All three statements are drawn from the article.
Mains practiceDiscuss the background, key issues and significance of GeM PORTAL for India.
Answer in 250 words.
View answer approach
- Background and context
- Key facts and institutional framework
- Significance and way forward
Frequently asked questionsFrequently asked questions
Why is Gem Portal in the news?
procurement from Government e Marketplace (GeM) crosses Rs. ABOUT GeM It facilitates end to end procurement of goods & services by various central & state government departments, organisations & allied PSUs.
What are the key facts about Gem Portal?
It provides paperless, cashless & contactless ecosystem for government buyers to directly purchase products & services from Pan India sellers & service providers through a unified online infra. Timely payment settlements is a remarkable feature of GeM which has resolved a major issue of delayed payments. STATUS OF PUBLIC PROCUREMENT Government procurement in India comprises nearly 20-25% of GDP.
Why is Gem Portal important for UPSC preparation?
The topic connects current developments with Economy, Polity & Governance and is relevant for both objective revision and analytical answer writing.