UPSC Exam  >  UPSC Notes  >  PIB (Press Information Bureau) Summary  >  PIB Summary- 27th August, 2022

PIB Summary- 27th August, 2022 | PIB (Press Information Bureau) Summary - UPSC PDF Download

Government e-Marketplace

Why in News?
Government e-Marketplace (GeM), a national procurement portal, is eyeing annual procurement worth ₹2 lakh crore during FY23. 

About Government e-Marketplace (GeM)


Nodal: Ministry of Commerce and Industry

  • The Government e Marketplace (GeM) was launched on August 9, 2016.
  • To create an open and transparent procurement platform for Government buyers.
  • A Special Purpose Vehicle (SPV) by the name of Government e- Marketplace (GeM SPV) was set up as the National Public Procurement Portal
  • It has been developed by Directorate General of Supplies and Disposals (Ministry of Commerce and Industry) with technical support of National e-governance Division (Ministry of Electronic and Information Technology).
  • It is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.
  •  At present, the platform is open for procurement by all government buyers: central and state ministries, departments, public sector enterprises, autonomous institutions, local bodies, etc.
  • As per existing mandate, GeM is not available for use by private sector buyers.
  • Suppliers (sellers) can be from across all segments: government or private.

The following are the objectives of the online platform:

  • Easier availability of various goods and services for the government buyers.
  • Create transparency in public procurement.
  • Cost saving on government expenditure.
  • Achieve and promote cashless transactions.
The document PIB Summary- 27th August, 2022 | PIB (Press Information Bureau) Summary - UPSC is a part of the UPSC Course PIB (Press Information Bureau) Summary.
All you need of UPSC at this link: UPSC
1407 docs
Related Searches

PIB Summary- 27th August

,

Previous Year Questions with Solutions

,

Extra Questions

,

2022 | PIB (Press Information Bureau) Summary - UPSC

,

Semester Notes

,

Summary

,

study material

,

video lectures

,

MCQs

,

Important questions

,

Sample Paper

,

practice quizzes

,

mock tests for examination

,

Viva Questions

,

past year papers

,

Exam

,

ppt

,

PIB Summary- 27th August

,

pdf

,

2022 | PIB (Press Information Bureau) Summary - UPSC

,

shortcuts and tricks

,

PIB Summary- 27th August

,

Objective type Questions

,

2022 | PIB (Press Information Bureau) Summary - UPSC

,

Free

;