Ease of Doing Business for MSMEs: Public procurement portal Government eMarketplace (GeM) has hit one other milestone of 1 crore whole orders processed thus far, round a month after its vendor base crossed the 40-lakh rely. The variety of orders nearly doubled from 55.74 lakh orders processed as of January 2021, indicating four-and-a-half years the portal took to attain that mark whereas the remaining orders got here in following round 16 months solely. GeM had additionally achieved Rs 1 lakh crore so as worth within the monetary 12 months 2021-22.
Launched in August 2016, the portal had processed 1,00,54,211 orders price Rs 2.44 lakh crore from 60,074 authorities consumers together with public sector items and authorities departments, knowledge from the portal confirmed. Currently, there are almost 43 lakh sellers. The development was largely witnessed put up Covid as the federal government urged central and state consumers for digital procurement of products together with Covid necessities comparable to PPE kits and masks from MSME sellers.
However, not all 43 lakh sellers might have contributed to the 1 crore-order mark. Plenty of them are inactive sellers and therefore, GeM is seeking to delist them, GeM’s Chief Executive Officer Prashant Kumar Singh had advised Financial Express Online in an interplay in March this 12 months. “GeM is integrated with the Udyam registration portal, hence a lot of sellers were directly registered on our portal because of their Udyam registration. Also, there might be other sellers who perhaps are not interested in selling on GeM,” Singh had stated.
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Not simply vendor base, the product class rely can be being trimmed. From round 16,000 classes final 12 months, the quantity was narrowed to 10,143 in March this 12 months and presently it’s diminished to 9,702. “We have removed around 6,000 categories three months back that had problems such as sellers were not onboarded properly or there were negligible sellers or products were not in demand in those categories,” Singh had added.
Source: www.financialexpress.com”