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Government e-Marketplace (GeM)

News:GeM and Punjab Government has signed an MoU for setting up of project management unit.

Facts:

About GeM:

  • Government e Marketplace is an online marketplace setup in 2016 for procurement of commonly used goods and services by government ministries,departments and CPSEs.
  • It aims to enhance transparency, efficiency and speed in public procurement.
  • GeM is a completely paperless,cashless and system driven e-marketplace that enables procurement of commonly used goods and services with minimal human interface.
  • It is a National Procurement Portal of India.It functions under Directorate General of Supplies and Disposals (DGS&D),Ministry of Commerce and Industry.
  • Further,it provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users achieve the best value for their money.
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