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Questions and Answers
What is the objective of Government e Marketplace (GeM)?
Who owns the Government e Marketplace (GeM) platform?
How much average savings for buyers has been reported on the Government e Marketplace portal according to an independent assessment by the World Bank?
What replaced the Directorate General of Supplies and Disposals (DGS&D) in 2016?
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What has the Government of India made mandatory for sellers on GeM portal?
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Study Notes
Government e Marketplace (GeM)
- The objective of GeM is to facilitate procurement of goods and services by government departments and public sector units.
Ownership and Structure
- GeM platform is owned by the Ministry of Commerce and Industry.
Benefits and Savings
- According to an independent assessment by the World Bank, GeM portal has reported an average savings of around 15-20% for buyers.
Historical Development
- In 2016, GeM replaced the Directorate General of Supplies and Disposals (DGS&D).
Mandatory Requirements for Sellers
- The Government of India has made it mandatory for sellers on GeM portal to get themselves registered with the GST (Goods and Services Tax) authority.
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Description
Test your knowledge about the Government e Marketplace (GeM) in India, an online platform for public procurement launched by the Ministry of Commerce and Industry. Learn about its objectives and significance in government procurement.
