Question
Which financial metric did the Government e-Marketplace
(GeM) exceed Rs 5 lakh crore in for the financial year 2024-25?Solution
The Government e-Marketplace (GeM) surpassed Rs 5 lakh crore in Gross Merchandise Value (GMV) on its portal for the financial year 2024-25. This milestone was achieved in less than 50 days after crossing the Rs 4 lakh crore mark on January 23, 2025, demonstrating the platform's rapid expansion as a primary tool for public procurement. GeM serves over 1.6 lakh government entities and has implemented significant policy reforms to enhance market accessibility, particularly benefiting Micro and Small Enterprises (MSEs), startups, and women-led businesses. As of February 13, 2025, more than 22 lakh sellers and service providers were registered on GeM, which was launched in August 2016 by the Ministry of Commerce and Industry.
Indian Navy Participation Women20@g20 at which of the following city in 27 – 28 Feb 23?
Which organization signed an MoU with RBI to improve coordination under the Prevention of Money Laundering Act (PMLA)?
What is Mayank Chakraborty’s current FIDE rating, as he seeks to become a Grand Master?
Who was appointed as the chairperson of the Pension Fund Regulatory & Development Authority (PFRDA)?
“The Conscience Network: A Chronicle of Resistance to a Dictatorship” focuses on Indian diaspora activism during which period?
What is the name of the student film from SRFTI selected for the 78th Cannes Film Festival?
Which Indian training squadron recently visited Bandar Abbas in Iran as part of a long-range deployment?
How is India contributing to Sri Lanka's digital identity project?
India’s exports contracted by 1.15 per cent to _____________in August 2022?
_________has signed a strategic Memorandum of Understanding with the Indian Space Research Organization (ISRO) and the Indian National Space Promotion...
Relevant for Exams:
