Government e-Marketplace success: MSEs capture ₹7.44 lakh crore, Exceeding Procurement Targets

New Delhi: The Government e-Marketplace (GeM) has become a game-changer for small businesses in India, with over 11.25 lakh micro and small enterprises (MSEs) securing government contracts worth ₹7.44 lakh crore, the Ministry of Commerce and Industry reported on Sunday.

Official data highlights that GeM has enabled MSEs, women entrepreneurs, SC/ST-owned businesses, and startups to compete directly for government tenders across multiple sectors, removing traditional barriers linked to size and scale.

As of November 30, MSEs accounted for 44.8 per cent of the total order value on GeM, significantly surpassing the mandated annual procurement target of 25 per cent, the ministry said. The platform has facilitated participation from small firms nationwide, including high-value contracts in sectors such as clean energy, technology services, and other critical industries.

Women-led enterprises have shown remarkable growth on the platform. More than 2 lakh women-owned MSEs are actively participating on GeM, collectively securing government orders worth over ₹78,000 crore. Initiatives like Womaniya provide training, onboarding, and enhanced access to procurement opportunities for women entrepreneurs.

GeM is designed to align with national procurement policies and promote wider inclusion. Buyers can easily identify products and services offered by MSEs, including those led by women and SC/ST entrepreneurs, using dedicated filters on the digital marketplace.

Eligible MSEs also benefit from purchase preferences and relaxations in earnest money deposits, turnover requirements, and prior experience norms, all while ensuring transparency and accountability in procurement.

Beyond facilitating transactions, GeM has improved transparency, speed, and traceability in government procurement, allowing enterprises from diverse regions and communities to access opportunities previously out of reach. This digital marketplace continues to empower small businesses and boost inclusive participation in public spending.

IANS