Recently, the Government e-Marketplace (GeM) celebrated the seven-year journey of its flagship initiative SWAYATT (Startups, Women and Youth Advantage through e-Transactions). The initiative reflects the government’s commitment to inclusive growth and digital empowerment in public procurement.
About the SWAYATT Initiative
The SWAYATT Initiative was launched in February 2019.
It was designed with the objective of encouraging the participation of startups, women entrepreneurs, and youth in government procurement.
The initiative promotes inclusive and equitable access to government markets.
Objectives of SWAYATT
The initiative focuses on democratizing public procurement by enabling participation from:
Startups
Women-led enterprises
Youth entrepreneurs
Micro and Small Enterprises (MSEs)
Self Help Groups (SHGs)
Last-mile sellers
Through this, SWAYATT ensures that these groups can directly engage with government buyers via the GeM platform.
Key Features and Significance
SWAYATT is rooted in GeM’s core principle of social inclusion.
It addresses three major challenges faced by emerging enterprises:
Access to markets
Access to finance
Access to value addition
By reducing entry barriers, it helps in promoting entrepreneurship and economic empowerment.
Government e-Marketplace (GeM): Key Facts
GeM is an online platform established in 2016.
It facilitates the procurement of goods and services by government ministries, departments, and public sector undertakings (PSUs).
It is envisioned as the National Procurement Portal of India.
Development and Functioning
Developed by the Directorate General of Supplies and Disposals (Ministry of Commerce and Industry).
Supported technically by the National e-Governance Division (Ministry of Electronics and Information Technology).
Key Features of GeM
It is a completely paperless, cashless, and system-driven platform.
Ensures transparency, efficiency, and minimal human intervention in procurement processes.
Enables easy access for buyers and sellers across the country.
Conclusion
The SWAYATT Initiative plays a crucial role in making public procurement more inclusive and accessible, especially for startups, women, and youth entrepreneurs. By leveraging the digital infrastructure of GeM, it contributes to economic empowerment, transparency, and the growth of small enterprises in India.
We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.
If you haven’t created your account yet, please Login HERE !
We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.