The initiative aims to encourage the participation of women entrepreneurs and Self Help Groups (SHGs) from the informal sector in public procurement through the GeM portal, facilitating direct sales to various government buyers without intermediaries.
According to GeM, lengthy sales cycles, complex procurement processes, and significant time spent with vague agency contacts have further discouraged startups from participating in government tenders.
The Government E Marketplace (GeM) daily order value has increased ten times in the two years. According to the official data, there is a significant increase in the daily order value on the GeM portal, rising from Rs 106 crore in 2021 to Rs 1106 crore in FY 2023-24.
The surge in GMV can be attributed to the substantial increase in the procurement of services through the GeM portal, which witnessed a staggering 205 per cent growth compared to the previous fiscal year
In an exclusive interview with ANI, Chavan said, "The progress of GeM over the seven years has been stupendous. We started in the first year in 2016 with 422 crore for the procurement. Now we've reached 3.89 lakh crore in this year. This wouldn't ever happen without proper guidance and go
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ORMAS is known for its concerted efforts in empowering Odisha's MSEs, rural entrepreneurs and rural producers by creating appropriate marketing channels for their business growth. The association also provides handholding support to all affiliated stakeholders in all their marketing and bran