Ease of Doing Business for MSMEs: Government eMarketplace (GeM) as a platform is extraordinarily acutely aware about empowering MSMEs, getting them on board on the portal, and making life simpler for them, mentioned its Chief Executive Officer Prashant Kumar Singh. “We will not just handhold MSMEs having innovative products or services but also help them in getting business,” Singh mentioned at an occasion organised by Financial Express Online just lately. Launched in August 2016, the Modi authorities’s public procurement portal has added over 61,000 authorities organisations and departments as patrons whereas practically 47 lakh MSMEs are registered on the portal as sellers. Out of the entire sellers, practically 8 lakh are micro and small sellers with a share of over 55 per cent within the order worth at present.
“We have consistently maintained MSE share of almost 55 to 60 per cent in the past four or five years,” mentioned Singh. However, not all 47 lakh sellers on the GeM portal are lively. “I don’t claim that all of these people are transacting but it was possibly because of Covid that we couldn’t reach out to them properly,” mentioned Singh.
In an interplay with Financial Express Online, Singh in March this 12 months had knowledgeable that since GeM is built-in with the Udyam registration portal, a lot of sellers get straight registered on the portal. As a consequence, GeM is seeking to delist sellers that aren’t lively on the platform, Singh had mentioned. “This would clear the clutter and make active sellers more visible on the platform with more opportunities to sell to the government.” The present depend of lively vendor base wasn’t disclosed.
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Singh in his deal with on the MSME Business Conclave on June 28, 2022, mentioned that with the intention to handhold sellers, GeM has tied up with Common Services Centers throughout the nation. “We are doing the hand training (first) and then master trainers go to the block level and to village level entrepreneurs to train them on the process of onboarding and the benefits of selling on GeM,” he added.
GeM is now seeking to double its turnover within the present fiscal 12 months to Rs 2 lakh crore from Rs 106,647 crore in FY22. “This growth of Rs 1.06 lakh crore is 17 times more than the first year when GeM came into being and almost 55 per cent of the cumulative (turnover) in the previous financial (year). This shows excellent growth from MSMEs, PSUs, and states,” Singh mentioned.
Source: www.financialexpress.com”