HomeLatest NewsGovTechGeM turns nine with ₹5.4 lakh crore procurement, remove caution money for sellers

GeM turns nine with ₹5.4 lakh crore procurement, remove caution money for sellers

GeM marks ninth anniversary with record procurement, removes caution money requirement to ease vendor entry and expand participation from women-led businesses, MSEs, startups and self-help groups.

Preferred Source of Google

The Government eMarketplace (GeM) has marked its ninth year of operations with transactions worth ₹5.4 lakh crore in Gross Merchandise Value (GMV) for 2024–25, according to figures released by the Commerce Ministry.

Established in 2016 under the Centre’s “Minimum Government, Maximum Governance” initiative, the online platform is designed to make public procurement more transparent, efficient and inclusive.

Officials say GeM’s registered sellers now range from women-led enterprises and micro and small enterprises (MSEs) to self-help groups (SHGs), artisans, and entrepreneurs with disabilities.

Advertisement
Saksham Bharat 2026
Saksham Bharat 2026
A multi-stakeholder dialogue on skilling gap in Cybersecurity, Data Resilience and AI — and the roadmap to a Saksham Bharat.
Register Now →
VeeamON 2026 Tour India - Mumbai
VeeamON 2026 Tour India - Mumbai
A VeeamON 2026 India Leadership Series Mumbai for senior public sector and government technology leaders.
Register Now →
Cyber Surakshit Uttar Pradesh
Cyber Surakshit Uttar Pradesh
Find out strategies, frameworks and solutions for building a resilient and secure digital ecosystem across Uttar Pradesh.
Register Now →
VeeamON 2026 Tour India - Bengaluru
VeeamON 2026 Tour India - Bengaluru
A VeeamON 2026 India Leadership Series Bengaluru for senior public sector and government technology leaders.
Register Now →
VeeamON 2026 Tour India - Delhi
VeeamON 2026 Tour India - Delhi
A VeeamON 2026 India Leadership Series Delhi for senior public sector and government technology leaders.
Register Now →
Infosec Reimagined
Infosec Reimagined
Infosec Reimagined 2026 is the premier information security summit where top leaders—CISOs, CROs, CIOs, CTOs and risk executives—converge to redefine cyber resilience.
Register Now →
Digital Senate
Digital Senate
Digital Senate is a premier conference uniting government leaders, technologists and innovators to share ideas, success stories and strategies on digital governance, public sector transformation, cybersecurity and emerging technologies in India.
Register Now →
CIO Prism
CIO Prism
CIO Prism unites forward-thinking technology leaders to exchange transformative insights, shape digital strategies, and foster innovation, empowering enterprises to excel in an era of rapid technological change.
Register Now →

This year’s Foundation Day was observed under the theme “Ease, Access and Inclusion”, with a set of reforms aimed at lowering barriers to entry for vendors. These include removing the requirement for caution money, rationalising vendor assessment fees and reducing transaction charges — a change the platform estimates will exempt 97% of orders from such fees.

“These reforms demonstrate our intent to make GeM even more inclusive and accessible,” said GeM’s Chief Executive Officer Mihir Kumar at the anniversary event in New Delhi. He added that the focus was on ensuring enterprises “from tribal artisans to tech-driven startups” could access procurement opportunities.

The celebrations featured two outreach programmes: “GeM Seller Samvad” on 6 August, which the platform said brought together participants from multiple sectors, and “GeM Manthan”, a dialogue on creating a more inclusive procurement framework.

Advertisement

GeM facilitates paperless, real-time transactions across sectors including , and . While it has rolled out AI-powered search tools, voice-enabled navigation and a multilingual learning management system to aid onboarding, officials indicated these features are still at a relatively early stage and will need to be scaled up. Industry analysts note that the scope of AI integration in public procurement remains limited compared with the platform’s overall scale.

Since inception, GeM reports onboarding 1.5 lakh women-led enterprises alongside startups, SHGs, artisans and MSEs. In recent years, it has expanded into service categories such as insurance, manpower and Mine Development & Operations (MDOs).

Officials say training and onboarding support are being extended to vendors via partnerships with state governments, public sector undertakings and local bodies, particularly in underserved regions.

Advertisement

According to the Commerce Ministry, the broader aim is to use technology to improve transparency, enhance user experience and promote sustainability in procurement. GeM describes itself as a fully digital, cashless, system-driven platform providing end-to-end procurement solutions for government buyers and registered sellers.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Powered By Veeam Logo
- Advertisement -

Subscribe to our Newsletter

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Google, Antler India launch AI startup programme for 5,000 founders

Google for Startups and Antler India have launched a hybrid programme for up to 5,000 AI startup founders. The two-phase initiative runs from June 2026 with applications closing 22 May.

RELATED ARTICLES