CONTACT US

084594-00000

About Us  :  Online Enquiry

Download

 Government e-Marketplace (GeM)

Context: The Government e-Marketplace (GeM) has signed a memorandum of understanding (MoU) with Federal Bank to offer various services.

Significance: The MoU will facilitate a cashless, paperless and transparent payment system on the portal and would create an efficient procurement system for government entities.

About GeM:

What is it? GeM is a state-of-the-art national public procurement platform of Ministry of Commerce and Industries, that has used technology to remove entry barriers for bonafide sellers and has created a vibrant e-marketplace with a wide range of goods and services.

Aim: GeM aims to enhance transparency, efficiency and speed in public procurement.

GeM facilities:

  1. Listing of products for individual, prescribed categories of Goods/ Services of common use.
  2. Look, estimate, compare and buying facility on dynamic pricing basis.
  3. Market place buying of majority of common User Items.
  4. Buying Goods and Services online, as and when required.
  5. Transparency and ease of buying.
  6. Useful for low value buying and also for bulk buying at competitive price using Reverse Auction/ e-bidding.
  7. Continuous vendor rating system.
  8. Return policy.

Benefits of GeM:

  1. Enhances transparency.
  2. Increased efficiency.
  3. Secure and safe.
  4. Savings to the government.

Current Affairs 2020

Send this to a friend