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GeM slashes transaction charges levied on sellers, service providers for public procurement

Millennium Post Delhi

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Delhi 21 September 2024

This 'bold' move was part of the government's 100 days initiative, GeM Additional CEO Ajit B Chavan said

Public procurement portal GeM has significantly slashed transaction charges levied on sellers and service providers on its portal, a senior government official said on Friday.

Government e-marketplace (GeM) Additional CEO Ajit B Chavan said that this "bold" move was part of the government's 100 days initiative.

"Aligning with the government's ongoing commitment to foster ease of doing business and build a more inclusive economy, Government e-Marketplace has recently announced a significant reduction in the transaction charges levied on sellers, service providers transacting on its platform," he told reporters here.

Accordingly, GeM has announced a New Revenue Policy of the portal with effect from August 9.

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