Can MSMEs Benefit From GeM


Gememarket1180

Uploaded on Nov 28, 2024

Category Business

The Government e Marketplace (Gem) Portal Provides Sellers Like Micro & Small Enterprises (Mses) an Open Market, Sans Intermediaries, Enabling Them to Showcase Their Product and Service Offerings Government Buyers Like Central/state Ministries.

Category Business

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Can MSMEs Benefit From GeM

Can MSMEs Benefit From GeM? www.gem.gov .in The Government e Marketplace (Gem) Portal Provides Sellers Like Micro & Small Enterprises (Mses) an Open Market, Sans Intermediaries, Enabling Them to Showcase Their Product and Service Offerings Government Buyers Like Central/state Ministries, www.gem.gov .in Departments, Central & State Public Sector Enterprises, Autonomous Bodies, Panchayats & Cooperatives. by Eliminating Barriers to Entry, the Platform Empowers Mses - Irrespective of Their Size - to Participate in E-Bids and E-Tenders Floated Out by Government Buyers on the Portal. www.gem.gov .in Marketplace Filters Have Also Been Implemented to Help Government Buyers Filter Products and Services Particularly Being Offered by Mses on Gem. Such Purchase Preferences Have Enabled Mses to Fulfill Nearly 39% of the Total Orders Transacted on the Platform. by Promoting Fair Competition and Expanding Business Opportunities for Homegrown Businesses, Gem Is Committed to Creating an Inclusive and Diverse Marketplace. www.gem.gov .in Indeed, Micro, Small and Medium Enterprises Have a Lot to Gain from What Gem Holds. the Platform Gives the Msmes an Opportunity to Access a Wide Market of Government Buyers, Reducing the Bureaucracy Common When Sourcing for Goods and Services. in Fact, Gem Has Directed Certain Benefits for the Msme Segment – Preference to Price, Exclusion from Emd, and Eased Turnover Standards. www.gem.gov .in These Provisions Promote Procurement from Msmes by the Government Ensuring That They Get Better Business Openings and Growth. Therefore, by Supporting Msmes Gem Plays His Role in Economic Growth and Diversification of the Supply Base. www.gem.gov .in www.gem.gov .in