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.
