How is GeM Empowering Over 1.85 Lakh Women-Led MSMEs and 31,005 Startups?
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Synopsis
Discover how GeM is transforming public procurement in India by empowering over 1.85 lakh women-led MSMEs and 31,005 startups. Union Minister Piyush Goyal highlights the platform's commitment to transparency and efficiency, paving the way for a new era in public procurement.
Key Takeaways
- 1.85 lakh women-led MSMEs empowered.
- 31,005 DPIIT-recognised startups supported.
- GeM's order volume reached Rs 543,019 crore.
- Insurance coverage for 1.3 crore individuals.
- One million jobs created in FY25.
New Delhi, May 17 (NationPress) The Government-e-Marketplace (GeM) has successfully empowered 185,408 women-led micro, small, and medium enterprises (MSMEs) and 31,005 DPIIT-recognised startups, transforming public procurement with a focus on transparency, efficiency, and inclusion, as stated by Union Minister of Commerce and Industry Piyush Goyal on Saturday.
During the last financial year (FY25), GeM recorded an impressive order volume of 72,36,651 with a total order value reaching Rs 543,019 crore.
Founded in 2016, GeM offers government buyers a comprehensive digital platform for conducting public procurement at competitive prices.
“Celebrating @GeM_India on its 8th Incorporation Day. This platform has transformed public procurement through transparency, efficiency, and inclusion,” Goyal remarked in a post on the X social media platform.
“GeM is more than a marketplace; it represents a movement that empowers 185,408 women-led MSMEs and 31,005 DPIIT-recognised startups,” he added.
According to Goyal, aligning with Prime Minister Narendra Modi's vision, “GeM is providing every enterprise with an opportunity to grow and serve India.”
GeM has also facilitated insurance coverage for over 1.3 crore individuals, encompassing health, life, and personal accident insurance policies during the financial year 2024-25.
In addition to insurance services, GeM has enabled the hiring of one million people throughout FY25.
The platform aims to connect innovators with government buyers, fostering rapid scaling, market validation, and significant contributions to India's global innovation profile.
The government has emphasized critical reforms in the procurement system via GeM, including strong anti-cartel measures and expert-led initiatives to enhance efficiency, transparency, and growth.
Goyal recently led a meeting with GeM officials and stakeholders, underscoring the importance of empowering both buyers and sellers on the platform.
“We have outlined a progressive roadmap aimed at enhancing procurement, expediting state-wise expansion, ensuring flexible payments, and providing inclusive credit access to empower both buyers and sellers on the platform,” the minister stated on X social media.
Discussions also revolved around implementing essential reforms, including robust anti-cartel safeguards, a more user-friendly interface, and expert-led interventions to further enhance efficiency, transparency, and growth within the public procurement ecosystem.
Point of View
It's essential to recognize the transformative role of GeM in promoting inclusivity and empowering women in the MSME sector. This initiative reflects a broader commitment to enhancing public procurement processes while fostering a vibrant entrepreneurial ecosystem that aligns with national growth objectives.
NationPress
20/07/2025
Frequently Asked Questions
What is GeM?
GeM, or Government-e-Marketplace, is a digital platform established by the Indian government to facilitate public procurement in a transparent and efficient manner.
How many women-led MSMEs has GeM empowered?
GeM has empowered 185,408 women-led micro, small, and medium enterprises (MSMEs).
What is the order volume of GeM for FY25?
In FY25, GeM reported an order volume of 72,36,651 with a total order value of Rs 543,019 crore.
What reforms has the government implemented through GeM?
The government has introduced several reforms including robust anti-cartel safeguards and expert-led interventions to enhance efficiency and transparency in public procurement.
How has GeM contributed to job creation?
GeM has facilitated the hiring of one million people during FY25.
