Gem: Now Amazon Of Govt Buying To Facilitate MSMEs With ‘Hall Of Fame’; To Offer Rewards, Certifications

Ease of Doing Business for MSMEs: The registered sellers and buyers would be inducted into the ‘Hall of Fame’ and facilitated with certifications and rewards.

Ease of Doing Business for MSMEs: Government’s e-commerce marketplace for public procurement from MSMEs – GeM is looking to facilitate buyers and sellers through its new Buyer and Seller Incentivisation Programme. The registered sellers and buyers would be inducted into the ‘Hall of Fame’ and facilitated with certifications and rewards. The programme is intended to “uplift the spirits of buyers and sellers,” GeM tweeted even as MSMEs are looking to recover from the Covid impact on their businesses. The marketplace currently has over 4.78 lakh sellers out of which more than 1.2 lakh are micro and small sellers.

While GeM hasn’t shared more details but it is perhaps aiming to onboard more sellers and buyers on the e-commerce marketplace through this. “It is one of a kind opportunity for the buyers and sellers! #GeM introduces an invaluable program for sellers and buyers that will help them get GeM HALL OF FAME. If you haven’t registered yourself yet, register now,” the marketplace tweeted last week. The initiative is announced ahead of soon to be launched an advanced version of the marketplace.

Source: Financial Express

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