In 2020, the marketplace was in a position to add an typical 40,212 new sellers per month. (File photo)
Ease of Doing Business for MSMEs: The public procurement by ministries, government organisations, and departments from MSMEs has shot up through on the net channel amid the Covid pandemic. The e-commerce marketplace for government procurement Government eMarketplace (GeM) witnessed the typical each day order worth escalating 282 per cent from Rs 34.12 crore in April 2020 to Rs 130.53 crore in October 2020, as per the GeM information. The marketplace was launched on August 9, 2016, by the Modi government to make certain efficiency and transparency in the government obtaining procedure and allow tiny firms and other sellers to attain out to far more shoppers digitally.
“GeM was started with an objective to transform the legacy procurement system in the country. A rapid growth in Avg Order Value per day in the current FY 2020-21 is showing the higher acceptability of the platform for procurement purpose,” GeM stated tweeting the information and facts lately. The portal presently has more than 8.6 lakh sellers like 3.48 lakh micro and tiny sellers with an order worth share of 57.7 per cent out of the total transaction worth of Rs 73,908 crore as of December 8, 2020. Currently, 48,456 purchasers are registered with the GeM portal that has processed 51.73 lakh orders to date.
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In the existing year, the marketplace was in a position to add an typical 40,212 new sellers per month and 486 new item categories per month. The portal also boasts of more than 20,000 artisans and 1.2 lakh weavers registered on GeM. Amid development in the quantity of sellers and order base, the government had lately taken note of the possibilities of fake or inferior top quality goods becoming sold on the net. The Commerce Minister Piyush Goyal in August had cautioned sellers against promoting such goods or charging higher rates. Goyal “cautioned the unscrupulous sellers from pushing the poor quality goods or charging exorbitant prices,” the ministry had stated in a statement. The minister had added that such sellers will be blacklisted not only from the GeM portal but from the “entire government ecosystem.”