Government e-Marketplace Crosses Historic ₹15 Lakh Crore GMV Milestone

In News:

The Government e-Marketplace (GeM) has crossed a historic milestone of ₹15 lakh crore in cumulative Gross Merchandise Value (GMV) since its inception in 2016.

UPSC Relevance – Analysis

Prelims:

• GeM: Launched in 2016, under the Ministry of Commerce & Industry.
• Objective: Transparent & efficient platform for public procurement.
• Stakeholders: Central/State Ministries, PSUs, MSMEs, Startups, Women-led businesses, SC/ST Enterprises, SHGs.
• Milestone: ₹15 lakh crore GMV crossed.
  
  Updated - August 25, 2025 6:48 PM | News On Air