Government e-Marketplace Current Affairs - 2020
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Government e-commerce portal GeM has launched a national outreach programme called ‘GeM Samvaad’, to bring on-board more local sellers. The outreach programme will take place from 19 Dec 2019 to 17 Feb 2020 and will cover all States and Union Territories (UTs) of the country. It was launched by Commerce Secretary Anup Wadhawan in New Delhi.
GeM Samvaad outreach programme will involve local sellers and stakeholders across the country to facilitate on-boarding of local sellers on marketplace while catering to specific requirements as well as procurement needs of buyers. Through GeM Samvaad marketplace is also looking forward to receive feedback from users which would be used for making improvements and advancements in system.
About Government e Marketplace (GeM)
It is the national public procurement portal that offers end to end solutions for all procurement needs of Central and State Government Departments, autonomous institutions, Public Sector Units (PSUs) and local bodies. GeM was launched on 9 August 2016 and since its commencement, it has transformed public procurement in India by leveraging technology and making procurement contactless, paperless, and cashless.
It just three years, GeM has over 15 lakh products and nearly 20,000 services, over 3 lakh registered sellers and service providers, over 40,000 Government buyer organizations and has processed more than 28 lakh orders worth Rs.40,000 crores in Gross Merchandise Value (GMV) out of which 50% has been transacted by Micro, Small and Medium Enterprises (MSMEs).
Tags: e-commerce platform • GeM • GeM Samvaad • Government e-Marketplace • Micro Small and Medium Enterprises
Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with Union Bank of India (UBI). Through this partnership, UBI will be able to offer array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal. It will also facilitate cashless, paperless and transparent payment system on GeM portal and will create an efficient procurement system for government entities.
Online integration for payments and various banking services is one of the priorities for GeM. So far, GeM has signed MoU with 14 Public Sector and private banks to enable this. It is also working with others banks, TReDs, and SIDBI to provide invoice financing and Bill Discounting to MSMEs registered on GeM. This will help MSMEs access easy credit and do better business with Government Departments.
About Government e-Marketplace (GeM)
It is an online marketplace launched by Union Government in 2018 to facilitate procurement of goods and services by various Ministries and agencies of the Government. It offers online, end to end solution for procurement of commonly used goods and services for all central government and state governments departments, public sector units (PSUs) and affiliated bodies. Its main aim is to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption. It provides tools for Direct Purchase, bidding and reverse auction in a transparent manner for government departments.
Tags: GeM • Governance • Government e-Marketplace • Government Schemes • Public Procurement