GeM: UPSC Daily Important Topic | 27 January 2022

GeM

✓ GeM is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services required by various Central and State Government Departments/Organizations/Public Sector Undertakings (PSUs).

✓ The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.

✓ It also provides the tools of e-bidding and reverse e-auction to facilitate the government users achieve the best value for their money.

✓ At present, GeM has more than 30 lakh products, over Rs. 10 lakh crore worth of transactions have happened so far at the portal.

✓ Launch:

It was launched in 2016 to bring transparency and efficiency in the government buying process.

✓ Nodal Ministry:

Ministry of Commerce and Industry.