'This is a significant increase...': PM Modi hails Government e-Marketplace achieving order value of Rs 1 lakh cr in a year

FPJ Web DeskUpdated: Thursday, March 24, 2022, 10:27 AM IST
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PM Modi | PTI

Prime Minister Narendra Modi on Thursday lauded Government e-Marketplace (GeM) for achieving annual procurement of Rs 1 lakh crore in Financial Year 2021-22, stating that the platform is empowering Micro, Small and Medium Enterprises (MSME) with 57 per cent of order value coming from the sector.

Taking to Twitter, PM Modi said: "Happy to know that @GeM_India has achieved order value of Rs 1 Lakh Crore in a single year! This is a significant increase from previous years. The GeM platform is especially empowering MSMEs, with 57% of order value coming from MSME sector."

Government e-Marketplace (GeM) portal was launched in August 2016 for online purchases of goods and services by all central government ministries and departments.

As per the data, the annual procurement was Rs 38580 crore in the FY 20-21, in FY 19-20 it was Rs 22991 crore, in FY 18-19 the procurement was Rs 17462 crore, FY 17-18 it was Rs 6188 crore and in the year 2016-17 the annual procurement was Rs 422 crore.

It is further empowering the "Aatmanirbhar Narishakti" with the launch of "Womaniya for Women entrepreneurs and Women-led Self-Help Groups (SHG)", direct selling of handicrafts, handlooms, accessories, etc. directly to ministries and departments. It is also providing training for women entrepreneurs by various national and state women organisations.

(With inputs from Agencies)

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