Micro & small enterprises corner 55% of total orders placed on GeM portal

SENSEX 77,193.51

 -175.60

NIFTY 24,141.20

 -77.85

CRUDEOIL 8,153.00

+ 18.00

GOLD 162,610.00

 -619.00

SILVER 242,000.00

 -2,220.00

SENSEX 77,193.51

 -175.60

NIFTY 24,141.20

 -77.85

NIFTY 24,141.20

 -77.85

CRUDEOIL 8,153.00

+ 18.00

CRUDEOIL 8,153.00

+ 18.00

GOLD 162,610.00

 -619.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

Procurement of goods and services from GeM has crossed ₹1-lakh cr so far this fiscal on account of an increase in buying activities by different ministries and departments

By PTI

Updated - January 11, 2023 at 01:53 PM. | New Delhi

Micro and small enterprises (MSEs) have cornered over 55 per cent of the total orders placed on the public procurement platform GeM since FY2020-21, a senior government official said.

The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. GeM CEO PK Singh said that the public procurement policy for MSEs mandates 25 per cent of buying of goods and services from these units and 3 per cent MSEs owned by women.

"On GeM, MSEs have secured 55.2 per cent (₹1,41,887 crore) of total order value (₹2,57,263 crore) and MSEs owned by women have secured 8 per cent (₹11,373 crore) of the MSE orders since FY2020-21 till now. The numbers reflect inclusivity on GeM," Singh told PTI.

Procurement of goods and services from government portal GeM has crossed ₹1-lakh crore so far this fiscal on account of an increase in buying activities by different ministries and departments. The commerce ministry is also in the process of awarding a project to upgrade the portal.

Currently, government departments, ministries, public sector units, state governments, and Central Armed Police Forces are allowed to carry out transactions through this portal. The portal provides a wide range of products from office stationery to vehicles. Automobiles, computers and office furniture are currently the top product categories. Services, including transportation, logistics, waste management, web casting and analytical, are listed on the portal.

More Like This

Domestic consumption of composite materials to touch 7.68 LT by 2027: Report

Published on January 11, 2023

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers