Government e-Marketplace (GeM) Marks 10 Years

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Government e-Marketplace (GeM) Marks 10 Years

Economy
Government e-Marketplace (GeM) Marks 10 Years

Government e-Marketplace (GeM) comprises a 100% Government-owned Section 8 company established under the Department of Commerce, Ministry of Commerce and Industry. GeM provides for nationwide digital procurement of common use goods and services by government ministries, departments, and CPSEs, and the platform’s 10-year milestone.

Government e-Marketplace (GeM):

Dimension Key Details
Organisational status GeM comprises a 100% Government-owned Section 8 company.
Administrative setup GeM is established under the Department of Commerce, Ministry of Commerce and Industry.
Procurement coverage GeM provides for procurement of common use goods and services by government ministries, departments, and CPSEs.
Section 8 company A Section 8 company, registered as a non-profit organisation (NPO), provides for promotion of arts, commerce, education, charity, protection of the environment, sports, science, research, social welfare, and religion.
Digital procurement network GeM comprises a network of around 1.37 lakh+ government buyers and ~25 lakh sellers.
Women-led enterprises GeM comprises 2.1 lakh+ registered women-led MSEs, and procurement provides for ₹28,000 crore+ through them.
SC/ST enterprises GeM provides for procurement from SC/ST enterprises exceeding ₹6,000 crore, comprising nearly 28% annual growth.
Startups GeM provides for procurement from startups crossing ₹19,000 crore in 2025-26, comprising over 36% annual growth.
Major initiatives under GeM GeM comprises initiatives: SWAYATT, Womaniya, SARAS Collection, and Startup Runway 2.0.
GeM Suvidha Kendras GeM Suvidha Kendras provide for last-mile access, comprising seller registration and vendor assessment, to bring MSEs, women, SC/ST entrepreneurs, startups, artisans, and SHGs into government procurement.
GeM Sahay GeM Sahay provides for seller financing, authorising instant, collateral-free working capital for eligible proprietorship to fulfil government orders.
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Attempt Possible Qs

Q 1 / 3

With reference to a Section 8 company, consider the following statements:

1. It is registered as a non-profit organisation (NPO).
2. It provides for promotion of arts, commerce, education, charity, protection of the environment, sports, science, research, social welfare, and religion.
3. It is constituted as a constitutional authority under the Constitution of India.

Which of the statements given above are correct?