SME Times is powered by   
Search News
Just in:   • Distressed Jaypee home buyers seek government's intervention  • CII suggests creation of National Employment Board  • From merger, govt now looks to de-merge 3 PSU insurers then look for strategic sale  • April fiscal deficit at 0.75% of GDP  • Trump delays 10-city raids on illegal immigrants 
Last updated: 06 Sep, 2018  

Prabhu.9.thmb.jpg GeM mission launched to promote MSMEs, start-ups: Prabhu

   Top Stories
» April fiscal deficit at 0.75% of GDP
» Manufacturing outlook moderates in Q1: FICCI survey
» Printing of Budget commences with Halwa Ceremony
» NSIC signs MoU on eGovernance services benefitting MSMEs
» DPIIT to work with industry for exports promotion: Goyal
SME Times News Bureau | 06 Sep, 2018

Commerce & Industry Minister Suresh Prabhu on Wednesday launched the launch of National Mission on Government eMarketplace (GeM) and said it will promote all sections of entrepreneurs, including MSMEs and start-ups.

Launching the National Mission on GeM, Prabhu said aim of this mission is to promote inclusiveness by empowering various categories of sellers and service providers such as MSMEs, start-ups, domestic manufacturers, women entrepreneurs, and Self-Help Groups.

He further stated that during this mission efforts will be made to bring more self-help groups, artisans and start-ups on this platform.

Government eMarketplace is the national public procurement portal offering an online, end-to-end, solution for procurement of common use goods and services by government departments.

Under the mission, the Central and State Governments along with Banks and PSUs willundertake the national drive from6th September to 17th October 2018by organising workshops, roadshow,trainings, events and other information, education and communication activities, including buyer and seller registration.

The Minister added that in the next 3 years transactions on GeM will reach USD 100 billion.

The GeM portal has nearly 27 thousand buyer organisations registered and about 1.37 lakh sellers and service providers offering more than 4.65 lakh products and services for online purchase and contributes to approximately 20-25% average overall savings to the Government.

The mission also aims to give a boost to cashless, contactless, paperless transactions in line with Digital India objectives.

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

Registration in GeM
Albons Thangaraj | Mon Sep 17 03:09:41 2018
This is the most appropriate site wherein small enterprise like our's can with less effort can be linked to a potential buyer who otherwise wouldn't know the speclized products offered by us in a specific market segment.

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 24 Jun, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» MSMEs can now register delayed payment grievances online(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter