Government e-Marketplace (GeM)

Nov. 8, 2019

Government e-Marketplace (GeM) signed MoU with Central Bank of India for Payment Related Services.

About:

  • GeM is an online market place that was launched in 2016.

  • Objective: To ensure that public procurement of goods and services in India (done by government bodies) worth more than Rs. 5 lakh crore annually is carried out through the online platform.

  • It has been developed by Directorate General of Supplies and Disposal (DGS&D) with technical support of National E-Governance Division (NEGD), Ministry of Electronics and Information Technology.

  • Benefits of GeM:
    • Transparency: GeM eliminates human interface in vendor registration, order placement and payment processing, to a great extent.

    • Efficiency: Direct purchase on GeM can be done in a matter of minutes.

    • Secure and safe: GeM is a completely secure platform and all the documents on GeM are e-Signed at various stages by the buyers and sellers.

    • Savings to the Government: The transparency, efficiency and ease of use of the GeM portal has resulted in a substantial reduction in prices on GeM. 



Source : PIB