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Government e-Marketplace completes a decade of public procurement
Why in News?
Government e-Marketplace completes a decade of public procurement
The Government e-Marketplace (GeM), India's public procurement platform, has completed ten years of operations.
Why it matters: factual, Prelims-type
What you need to know
2 min read
The Government e-Marketplace (GeM), India's online platform for public procurement by central and state government departments, has completed ten years of operations.
Launched to bring transparency, efficiency and inclusivity to government buying, GeM allows government buyers to purchase goods and services directly from registered sellers, including small businesses and artisans.
The platform's decade milestone was highlighted as a step in easing procurement processes and widening market access for MSMEs.
Sources: Topper IAS editorial (PIB / The Hindu / Indian Express)
Key facts
Remember these
- GeM
- public procurement
- MSME
- e-marketplace
Prelims · Mains
How the exam will ask it
Prelims
- GeM, public procurement, MSME, e-marketplace
Mains
Use as an example in GA answers (GS Paper III - Economy: Public Procurement, Digital Governance).
Quick recall
Answer before you reveal
The Government e-Marketplace (GeM), which recently completed ten years of operation, is primarily associated with which of the following?
- Government securities trading
- Digital banking services
- Public procurement of goods and services
- Agricultural commodity exports
Show answer
Answer: C — Public procurement of goods and services is correct: GeM is the online platform through which central and state government departments purchase goods and services, and it has now completed ten years of operation.
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