Government e-Marketplace (GeM) commemorates the success of “SWAYATT”: In New Delhi, a celebration was organised to mark the accomplishment of “SWAYATT,” an effort to support start-ups, women, and youth advantage through electronic transactions on the government eMarketplace (GeM). Ms. Radha S Chauhan, Secretary, Ministry of Personnel and Training, and Mr. Sanjeev Gautam, Director SFAC (representing the Farmer Producer Organizations), attended the event as guests of honour. The Chief Guest was Ms. Mercy Epao, Joint Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.
February 2023 Current Affairs Quiz
More than 8.5 lakh Micro and Small Businesses (MSEs) have been registered on the GeM platform, and they have been able to receive approximately US$ 22.65 billion (Rs. 1.87 lakh crore) in commerce distributed across 68 lakh+ orders. Mr. P.K. Singh, CEO of GeM, informed the house about the progress made in achieving social and financial inclusion. Additionally, he stated that approximately 43K SC/ ST MSEs had delivered 1.35 lakh+ orders worth US$ 313.9 million (Rs 2,592 Crore) on the GeM platform, while more than 1.45 lakh women MSEs had completed 7.32 lakh orders totalling US$ 1.92 billion (Rs 15, 922 Crore).
This initiative aims to promote Startups, Women, and Youth Advantage Through eTransactions (SWAYATT) on GeM. It was established by GeM in February 2019.
Goal: To stimulate the inclusion of diverse categories of sellers and service providers on the portal.
It was achieved by taking aggressive measures to simplify their training and registrations.
GeM CEO: P.K. Singh
