Government e-Marketplace (GeM) |ForumIAS

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News:GeM and Punjab Government has signed an MoU for setting up of project management unit.

Facts:

About GeM:

Government e Marketplace is an online marketplace setup in 2016 for procurement of commonly used goods and services by government ministries,departments and CPSEs.
It aims to enhance transparency, efficiency and speed in public procurement.
GeM is a completely paperless,cashless and system driven e-marketplace that enables procurement of commonly used goods and services with minimal human interface.
It is a National Procurement Portal of India.It functions under Directorate General of Supplies and Disposals (DGS&D),Ministry of Commerce and Industry.
Further,it provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users achieve the best value for their money.