Ministry of Defense becomes the largest buyer of MSME goods in 2022

Ministry of Defense becomes the largest buyer of MSME goods in 2022

Daily Current Affairs / Ministry of Defense becomes the largest buyer of MSME goods in 2022

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Category : National Published on: February 02 2023

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The Ministry of Defense emerged as the largest buyer through MSME sellers.
In 2022, the Ministry of Defense envisages procurement of goods and services worth Rs 16,747 crore from the MSME sector. This was 250% more than the purchases made in 2021.
Among the states, Uttar Pradesh procured the maximum. Uttar Pradesh procured goods and services worth Rs 9,642 crore through GeM.

Government-e-Marketplace (GeM) Platform:

Launch - 9 August 2016
Objective - To bring transparency and efficiency in the government procurement process
Nodal Ministry - Ministry of Commerce and Industry
GeM works on inclusion, transparency and efficiency
Who registers on GeM - Artisans, weavers, SHGs, startups, women entrepreneurs and MSMEs are registered.

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