Consider the following statements about the Government e Marketplace 1 It is e commerce platform dev...........

Economic and Social Issues Growth and development

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Consider the following statements about the Government e-Marketplace:

1. It is e-commerce platform developed by the Government of India for MSME sector to sell their produce online.

2. It functions under the Ministry of Commerce and Industries.

Which of the above statement(s) is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

Only statement 2 is correct. Public procurement forms a very important part of Government activity and reform in Public Procurement is one of the top priorities of the present Government. Government e-Marketplace (GeM) is a very bold step of the Government with the aim to transform the way in which procurement of goods and services is done by the Government Ministries/Departments, PSUs, autonomous bodies etc. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money. It functions under Directorate General of Supplies and Disposals (DGS&D), Ministry of Commerce and Industries.