Government e-Marketplace (GeM) – Need, Structure, Benefits, ChallengesPREMIUM 

Government e-Marketplace (GeM), launched in August 2016 by the commerce Ministry is a one-stop portal to facilitate online procurement of Goods & Services which are in common use by various Government Departments / Organizations / PSUs. Its objective is to create an open and transparent procurement platform for government departments. In the recent Union Budget, the Finance Minister informed that the GeM has clocked the transaction of Rs 40,000 crore. The minister in her 2020-21 Budget speech said that the government aspires to increase the turnover of the GeM portal to Rs 3 lakh crore.