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A couple of third of those purchases, or price about Rs 46,013 crore, had been from the micro, small and medium enterprises this fiscal, minister of state for finance Pankaj Chaudhary mentioned in a written reply to the Lok Sabha.
The federal government has raised the necessary minimal purchases from MSMEs by numerous authorities departments and CPSEs to 25% from 20% earlier, the minister mentioned. It then tightened the monitoring of the compliance of the rule in a bid to help these small gamers.
The entire purchases by CPSEs via the GeM platform had exceeded the Rs 1-lakh-crore mark for the primary time in FY23.
The federal government had launched the GeM portal in August 2016, because it needed to boost transparency in purchases of varied items and companies by all ministries, departments and public-sector corporations and state governments, along with offering a contemporary platform for official procurement. The sellers vary from small enterprise to massive firms from each private and non-private sectors.
In July final yr, the federal government had additionally requested all its ministries and departments and central public-sector enterprises (CPSEs) to conduct all purchases via the GeM portal solely by the top of FY23. This directive additionally aided the rise in procurement via this platform.
