What is GeM?
GeM - Government e-Market Place. • One stop Online Market Place for common use goods and services for government users. • Genesis - Recommendations of two Group of Secretaries and Hon’ble FM Budget Speech 2016 directives. GeM - Objective Provide government users the speed and flexibility of ecommerce site in sourcing its requirement Relieve government users from mundane tendering activities To have technology enabled dynamic, self sustaining, user friendly, fair and transparent procurement system To promote standardization of products, demand aggregation, Make in India Mandated by GFR – Rule 141A Government users at its option can use GeM for direct online purchase. • Financial Limits Upto Rs. 50,000/- through any of the available suppliers on GeM Above Rs. 50,000/-, through the supplier having lowest price amongst the available suppliers on GeM • Procuring authority to satisfy that the price of the selected offer is reasonable and meet the requisite quality, specificat