8th anniversary of e-marketplace GeM marked, cumulative sales reach Rs 10 lakh crore, PM Modi praises.

Prime Minister Narendra Modi praised the Government e-Marketplace (GeM) as it marked its 8th anniversary, achieving a cumulative sale of nearly Rs. 10 lakh crore. GeM, launched in 2016, has become a crucial tool for MSMEs, startups, and marginalized communities, with the services segment's Gross Merchandise Value (GMV) reaching Rs 80,500 crore, a 330% increase over FY 2023-24. GeM aims to launch the 'GeM SAHAYAK' program to assist sellers and buyers, and has reduced transaction charges to facilitate Ease of Doing Business on the platform.

August 09, 2024
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