SWAYATT Initiative

A celebration of "SWAYATT," a campaign to promote "Start-ups, Women and Youth Advantage Through e-Transactions" (SWAYATT) on the Government E-Marketplace (GeM) in New Delhi, was recently organised.

SWAYATT Initiative: What is It?

Under the direction of the Ministry of Trade and Industry, the programme was started in February 2019.
It brings together the important players in the Indian entrepreneurial ecosystem at the national procurement platform that is Government e-Marketplace.

Result Thus Far:

Enhanced Commercial Opportunities On the GeM platform, more over 8.5 lakh Micro and Small Businesses (MSEs) have registered, and they have received over 68 lakh orders totaling more than Rs. 1.87 lakh crore in sales.
Women's empowerment: More than 1.45 lakh female MSEs completed 7.32 lakh orders totaling $15,922 billion.
SC/ST empowerment: To date, 43000 SC/ST MSEs have fulfilled 1.35 lakh+ orders totaling $2,592 billion on the GeM platform.
Market to Farmers: With GeM, 105 Farmer Producer Organizations (FPOs) can currently offer the Government more than 200 Agro goods.

Government e-Marketplace: What is it?

GeM is an online market platform that was established in 2016 to simplify government ministries, departments, public sector enterprises (PSU), etc., purchasing of products and services.
It is intended to serve as India's national procurement portal.
It was created by the Ministry of Trade and Industry's Directorate General of Supply and Disposals with assistance from the National E-Government Division (Ministry of Electronic and Information Technology).
It is managed by the Ministry of Trade and Industry's Directorate General of Supply and Disposals (DGS&D).
GeM is an entirely digital, cashless, system-driven marketplace that makes it possible to buy everyday goods and services with little to no human interaction.

Source: PIB

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