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:

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