Government e Marketplace marks 9th Foundation Day with ₹5.4 lakh crore GMV in FY 2024-25
The Government e Marketplace (GeM) celebrated its 9th Foundation Day on 8 August 2025, reporting a Gross Merchandise Value of ₹5.4 lakh crore in FY 2024-25 and announcing seller-friendly reforms such as the end of caution money.
Summary
The Government e Marketplace (GeM), the public procurement platform launched in 2016, celebrated its 9th Foundation Day on 8 August 2025 on the theme 'Ease, Access and Inclusion'. GeM recorded ₹5.4 lakh crore in Gross Merchandise Value (GMV) in FY 2024-25 and has onboarded about 1.5 lakh women-led enterprises along with startups, self-help groups, artisans and MSEs. Reforms announced include the elimination of caution money for sellers, rationalised vendor assessment fees and lower transaction charges that exempt 97% of orders, according to CEO Mihir Kumar.
Key facts
- Occasion
- 9th Foundation Day, 8 Aug 2025
- Launched
- 2016
- Theme
- Ease, Access and Inclusion
- GMV FY 2024-25
- ₹5.4 lakh crore
- Women-led enterprises
- About 1.5 lakh
- Reforms
- No caution money; 97% of orders exempt from transaction charges
- CEO
- Mihir Kumar
Practice MCQs 2 questions
What Gross Merchandise Value did the Government e Marketplace (GeM) record in FY 2024-25?
Show answer
Correct answer: A — ₹5.4 lakh crore
GeM recorded ₹5.4 lakh crore in Gross Merchandise Value in FY 2024-25.
Consider the following statements about GeM's 9th Foundation Day in August 2025: 1. The celebration was held on the theme 'Ease, Access and Inclusion'. 2. Caution money for sellers was doubled to curb non-performance. Which of the above is/are correct?
Show answer
Correct answer: A — 1 only
Statement 1 is correct: the theme was 'Ease, Access and Inclusion'. Statement 2 is incorrect: caution money for sellers was eliminated, not doubled.