New Initiative SWAYATT | 20 Feb 2019

Recently the Union Minister of Commerce & Industry has launched an initiative termed SWAYATT.

SWAYATT is an initiative to promote Start-ups, Women and Youth Advantage through e-Transactions on Government e Marketplace (GeM).
This will bring together the key stakeholders within the Indian entrepreneurial ecosystem to Government e-Marketplace the national procurement portal.
The government also launched GeM Start-up Runway-an initiative of GeM in association with Start -up India to facilitate Start-ups registered with Start -up India to access the public procurement market and sell innovative products and services to government buyers.
GeM Start-up Runway seeks to support technology development, spur research and innovation by ensuring a conducive policy environment for industrial diversification and value addition to commodities.
GeM Start-up Runway will address goals and objectives under United Nations Sustainable Development Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

Government e-Marketplace (GeM)

GeM is an Online Market platform was setup in 2016 to facilitate procurement of goods and services by the government ministries, departments, public sector undertakings (PSU) etc.
It has been envisaged as National Procurement Portal of India.
It has been developed by Directorate General of Supplies and Disposals (Ministry of Commerce and Industry) with technical support of National e-governance Division (Ministry of Electronic and Information Technology).
It functions under Directorate General of Supplies and Disposals (DGS&D), Ministry of Commerce and Industry.
GeM is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.