Here’s an updated 2026-ready overview of procurement types on the Government e‑Marketplace (GeM) portal — tailored for both buyers (purchasers) and vendors (sellers/service-providers) — focusing on how the platform works now, what to expect moving forward, and how to make best use of it. 1. What is GeM and why it matters GeM is India’s government-run online marketplace for procurement of goods and services by central and state ministries, departments, PSUs, autonomous bodies etc. ( Gov e-Marketplace ) It aims to bring efficiency, transparency, and inclusiveness into public procurement. ( Testbook ) For buyers: Ensures standardized process, access to competition, audited trails. For vendors: Opens access to a large marketplace, but also means competition and compliance. 2. Key Procurement Modes on GeM (2026 context) These are the main ways procurements are executed via GeM — both for goods and services. 2.1 Direct / Cart-Based Purchase For items that are s...
The Government e-Marketplace (GeM) has made a significant move by slashing transaction charges imposed on sellers and service providers involved in public procurement. This reduction aims to encourage more businesses to participate in government tenders, making the procurement process more accessible and cost-effective. #Key Points: 1. **Lower Transaction Costs**: The decrease in charges will reduce the financial burden on sellers, promoting a more competitive marketplace. 2. **Encouraging Participation**: By lowering costs, GeM aims to attract more small and medium enterprises (SMEs) and service providers, increasing the diversity of offerings available to government buyers. 3. **Boosting Efficiency**: Lower transaction fees can streamline the procurement process, encouraging quicker transactions and improving overall efficiency. 4. **Enhanced Transparency**: With reduced fees, the focus shifts more toward value and service quality rather than costs, fostering a transparent procu...