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Business EconomyPosted at: Oct 3 2018 2:58PM


857 Start-ups & 1,234 MSMEs registered on GeM in ongoing National Mission

New Delhi, Oct 3 (UNI) Seven per cent more sellers have listed their products in September this year and a total of 857 Start-ups have been registered on Government e-Marketplace (GeM while 1,234 MSME sellers have been registered on GeM.
As many as 834 new organisations on-boarded in the month gone by, according to an official statement here.
The National Mission on GeM was launched by Union Minister of Commerce and Industry Minister Suresh Prabhu on September 5.
Twenty States and UTs joined the Mission which aims at creating awareness about GeM, train buyers and sellers, get them registered on GeM and increase the procurement through GeM.
This drive has been taken up for the promotion of inclusiveness of all sections of categories of sellers and service providers, highlighting and communicating the value addition in joining GeM, achieving cashless, contactless and paperless transactions, increasing overall efficiency and maximising ease of availability of goods and services.
During this awareness period, a buyer registration drive has been launched for on-boarding and increasing procurement by Central, State and local agencies on GeM and a vendor registration drive for on-boarding additional categories and populating the available ones on GeM with more vendors.
Central Ministries, States and their agencies, including local offices, have been tasked with sharing a list of key vendors for registering on GeM and its reach has moved from a Central and State Headquarters level to Sub- district and local body level.
MSME sellers have been awarded 40,000 orders worth Rs 551 crore, transaction volumes of FY 17-18 (3.78 lakh) have been achieved in less than 6 months in FY 18-19 (4.31 lakh), 121 new sub categories have been added on the GeM platform, 100 new sub categories got populated giving a wider choice to buyers and 92 new subcategories saw transactions.
The ongoing National Mission has led to an average saving of 25 per cent across categories.

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Tags: #857 Start-ups & 1#234 MSMEs registered on GeM in ongoing National Mission
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