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Key Points

Over 10 lakh micro and small enterprises have registered on the GeM portal, boosting government procurement. The platform ensures transparency and offers financing solutions through GeM Sahay. Experts highlight MSMEs' role in job creation and urge rural entrepreneurship growth. NRDC also supports MSMEs with technology transfer and IPR assistance.

Key Points: 10 Lakh MSMEs Join GeM Portal with Rs 5.4 Lakh Crore Transactions

  • GeM Sahay offers instant financing for MSMEs
  • Rural entrepreneurship key for remote growth
  • MSMEs drive job creation and innovation
  • NRDC supports MSMEs with tech transfer
2 min read

Over 10 lakh micro and small enterprises join Government e-Marketplace

Over 10 lakh micro and small enterprises now registered on GeM portal, facilitating Rs 5.4 lakh crore in government procurement transactions.

"GeM is a window for MSMEs to supply to government departments with transparency and ease. – Ajit B Chavan, Additional CEO, GeM"

New Delhi, June 28

More than 10 lakh micro and small enterprises (MSEs) have joined the Government e-Marketplace (GeM) portal and total transaction value on GeM has reached around Rs 5.40 lakh crore in FY2024-25, a top government official said on Saturday.

Ajit B Chavan, Additional CEO, GeM, said the platform is a window for the MSMEs for supplying to government departments.

Addressing at a PHDCCI event on the occasion of the ‘World MSME Day,’ he shared about the transparency of the GeM portal and opportunity it offers to the MSMEs for supplying goods to various departments.

Chavan further highlighted about the GeM Sahay, which brings a complete financing solution for small businesses on GeM. The app assists in availing instant financing to serve the Government orders without any hassle.

DP Goel, Co-Chair, MSME Committee, PHDCCI, stressed upon the need for rural entrepreneurship development to promote businesses and employment in the remote areas for their growth and development.

Dr HP Kumar, former CMD, NSIC and advisor, PHDCCI mentioned that MSMEs are increasingly seen as a model for other countries due to their significant contributions to economic growth, job creation and innovation, particularly in developing nations.

“Their agility, adaptability, and ability to foster entrepreneurship make them attractive examples for other economies to emulate. He also stressed on the need for new enterprise creation while promoting the existing ones for their capacity building and growth,” he highlighted.

V.K. Jain, Senior Manager, National Research Development Corporation (NRDC), highlighted that NRDC is India’s leading technology transfer organisation with seven geographical footprints all over India to cater to the different technology requirements of MSMEs and startups.

He also shared some examples of success stories of NRDC in commercialising the technologies, urging the participants to reach out to NRDC for any technology or IPR support required by the MSMEs and start-ups.

- IANS

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Reader Comments

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Sarah B
While the numbers look impressive, I wonder how many of these 10 lakh MSEs are actually getting regular business? The portal needs better awareness campaigns in rural areas. My uncle's handicraft business in Jharkhand still doesn't know how to use GeM properly.
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Ananya R
GeM Sahay is a blessing for small businesses! The instant financing feature helped me fulfill a big order when I was short on working capital. More such financial products should be introduced to support women entrepreneurs like me. 👏
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Vikram M
The real challenge is in tier-3 cities and villages. Government should organize more workshops to train small businesses on digital platforms. My experience in Agra shows most kirana shops don't even know about such schemes.
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Kavya N
As a startup founder, I appreciate NRDC's support mentioned in the article. We licensed a technology from them last year and it transformed our production process. More MSMEs should utilize such resources instead of reinventing the wheel.
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Michael C
The ₹5.4 lakh crore transaction value shows the scale of India's MSME sector. This could be a model for other developing economies. However, the platform needs to reduce technical glitches - the mobile app crashes too often during bidding.

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