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GeM Marks 9th Anniversary: Hits ₹5.4 Lakh Crore GMV in FY 2024–25 with Key Reforms

The Government e-Marketplace (GeM), India’s leading digital procurement platform, has completed 9 years of transforming public procurement. In the financial year 2024–25, GeM achieved a historic milestone by crossing ₹5.4 lakh crore in Gross Merchandise Value (GMV). Launched in 2016, GeM has revolutionized government buying by ensuring transparency, efficiency, and inclusivity—connecting small businesses, startups, and women-led enterprises with government buyers.
On its 9th Foundation Day, GeM unveiled major policy reforms under the theme “Ease, Access, and Inclusion”, further simplifying procurement for sellers. This article explores GeM’s growth, key initiatives, and technological advancements, making it a crucial topic for UPSC, SSC, PSC, and other competitive exams.

GeM’s Journey: 9 Years of Digital Procurement Excellence
1. Empowering Small Businesses & Women Entrepreneurs
GeM has been instrumental in democratizing public procurement by onboarding:
1.5 lakh women-led enterprises
Startups and Self-Help Groups (SHGs)
Artisans and Micro & Small Enterprises (MSEs)
This initiative ensures that even rural sellers and small businesses get equal opportunities in government tenders.

2. Key Reforms for Seller Growth
To boost participation, GeM introduced major seller-friendly reforms, including:
Removal of caution money deposits (reducing financial burden)
Lower vendor assessment fees (making registration easier)
Reduced transaction charges (97% of orders now exempt)
These changes aim to attract more sellers and enhance ease of doing business with the government.

3. GeM Foundation Day 2025: Major Events
The 9th-anniversary celebrations featured two flagship events:
GeM Seller Samvad (6th August, New Delhi) – A platform for sellers to discuss challenges and opportunities.
GeM Manthan – A strategic dialogue on making procurement more inclusive and future-ready.

4. Technology & Innovation Driving GeM’s Success
GeM leverages AI and next-gen tech to streamline procurement with:
Faster, paperless transactions
Expansion into new sectors (Insurance, Manpower, Mine Development & Operations)

Enhanced transparency & fraud detection
Sustainability-focused procurement policies
Additionally, GeM is actively training state governments and PSUs to maximize adoption across India.

Why is GeM Important for Competitive Exams?
Government initiatives like GeM are frequently asked in UPSC, SSC, PSC, and banking exams due to their impact on economic growth, digital governance, and MSME development. Understanding GeM’s GMV growth, reforms, and technological integration can help aspirants tackle current affairs and economy-based questions.

Questions & Answers for Competitive Exams
1. What was GeM’s Gross Merchandise Value (GMV) in FY 2024–25?
✅ Answer: ₹5.4 lakh crore.
2. What was the theme of GeM’s 9th Foundation Day?
✅ Answer: “Ease, Access, and Inclusion.”
3. How many women-led enterprises are registered on GeM?
✅ Answer: Over 1.5 lakh.
4. Which new sectors has GeM expanded into?
✅ Answer: Insurance, manpower, and Mine Development & Operations (MDOs).
5. What major seller benefit did GeM introduce in 2025?
✅ Answer: Elimination of caution money deposits for sellers.

Final Thoughts
GeM’s 9-year journey reflects India’s commitment to digitizing public procurement while fostering inclusive economic growth. With AI-driven reforms, reduced fees, and support for small sellers, GeM is set to play an even bigger role in India’s governance and economy.
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