For orders between Rs 10 lakh and Rs 10 crore, the transaction fee has been reduced to 0.30 per cent of the total order value, compared to the earlier charge of 0.45 per cent. Meanwhile, orders exceeding Rs 10 crore will incur a flat fee of Rs 3 lakh, a significant reduction from the previou
The National Handloom Development Programme offers financial aid to eligible handloom organizations and workers, covering the costs of upgraded looms and accessories, solar lighting units, construction of worksheds, product and design development, technical and common infrastructure, and mar
Highlighting the platform's impact on inclusive economic growth, PM Modi posted on X, "Compliments to all stakeholders of @GeM_India on the platform completing 8 years. This platform has achieved an impressive cumulative sale of nearly Rs. 10 lakh crore. But, most importantly it has provided
According to a press release by the Ministry of Commerce and Industry, GeM has expanded its interactive and multilingual Learning Management System (LMS) to include six additional official languages, making the platform accessible in a total of twelve official Indian languages.
The Gross Merchandise Value (GMV) of orders at the Government e Marketplace (GeM) has clocked at Rs 1,24,761 Lakh crore at the end of first quarter (April-June).
The Government e-Marketplace (GeM) is set to use AI and machine learning technology to facilitate orders on the GeM portal, according to a release on Thursday.
In a robust start to the financial year 2024-25, GeM has recorded a GMV of Rs 91,749 crore in just the first two months, setting the stage for another year.
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.