Union Minister of State for Commerce and Industry, Jitin Prasada said that nearly 25000 startups have been registered on the Government e-Marketplace (GeM) platform since its inception.
The Minister said in Rajya Sabha that the marketplace has clocked gross merchandise value Rs 4 lakh crore in FY2024, representing a growth of almost 1000 times as compared to the FY 2016-17.
“More than 25,000 startups have been registered on the GeM portal since inception. Start-ups have fulfilled orders worth more than Rs 27,319 crore in GMV since inception as on July 30, 2024,” the minister said.
The gross merchandise value of GeM was Rs 422 crore in the financial year 2016-17. Since its inception, the cumulative GMV for goods and services on GeM is over Rs 9.82 lakh crore as on July 30, 2024.
Transactions of over 62 lakh have been registered at GeM during FY 2023-24. This highlights a growth of almost 1000 times as compared to FY 2016-17. As per the minister, the cumulative transactions on GeM portal since inception has crossed 2.26 crore as on July 30, 2024.
More than 1.63 lakh women-led MSMEs have been registered on the GeM portal since inception, the minister said. Women MSEs have fulfilled orders worth Rs 35,138 crore since inception.
On the GeM Sahayak initiative, the minister said, “The objective is to create a pool of certified and accredited trainers called ‘Sahayaks’ in various modules relating to sellers and buyers on the GeM portal and offer end-to-end services on the GeM Sahayak platform to handhold both, sellers and buyers in facilitating their journey on the GeM portal.”
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