(THE GIST OF PIB) SWAYATT Initiative

(THE GIST OF PIB) SWAYATT Initiative

(FEBRUARY-2025)

SWAYATT Initiative

 

  • Recently, the Government e Marketplace (GeM) commemorated six years of Startups, Women & Youth Advantage through eTransactions (SWAYATT) initiative at New Delhi

About SWAYATT Initiative:

It was launched on 19th February, 2019.

  • It was conceptualised with a clear objective of invigorating participation of women-led enterprises and youth in public procurement.

  • SWAYATT is the GeM portal’s commitment to enhance ease of doing business and establish direct market linkages to annual public procurement for startups, women entrepreneurs, Micro & Small Enterprises (MSEs), Self Help Groups (SHGs) and youth, especially those from backward sections of the society.

  • It is rooted in GeM’s foundational pillar of social inclusion.

Government e Marketplace:

It is an online market platform that was set up in 2016 to facilitate the procurement of goods and services by government ministries, departments, public sector undertakings (PSU) etc.

  • It has been envisaged as the National Procurement Portal of India.

  • This portal was developed by the Directorate General of Supplies and Disposals (Ministry of Commerce and Industry) with technical support from the National e-governance Division (Ministry of Electronic and Information Technology).

  • It is a completely paperless, cashless and system-driven e-marketplace that enables procurement of common-use goods and services with minimal human interface.

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Courtesy: PIB