New Delhi: Government departments and entities have raised over Rs 2,200 crore in the last about four years through disposal of assets such as scrap, e-waste, old vehicles, machinery and leasehold properties on the public procurement portal The Advt "Between December 2021 and November 2025, GeM's Forward Auction module facilitated auctions worth more than Rs 2,200 crore, conducted over 13,000 auctions, onboarded over 23,000 registered bidders and enabled participation from more than 17,000 auctioneer ...

Core Insights - The Government E-Marketplace (GeM) has facilitated auctions worth over Rs 2,200 crore from December 2021 to November 2025, indicating a significant increase in government asset disposal through digital means [1][6]. - The Forward Auction module has conducted more than 13,000 auctions, onboarding over 23,000 registered bidders and enabling participation from over 17,000 auctioneers, showcasing its widespread adoption [1][6]. - Forward auctions have transitioned from a pilot initiative to a nationwide digital mechanism for government asset disposal, reflecting the effectiveness of this approach [6]. Auction Details - A forward auction is a digital bidding process where government departments sell various assets, including scrap, e-waste, old vehicles, machinery, and leasehold properties, to the highest bidder [2][6]. - An example of successful auctions includes the State Bank of India auctioning 100 Economic Weaker Sections flats in Lucknow, which generated Rs 34.53 crore through the GeM platform [6]. - Other notable auctions include the sale of unusable and obsolete articles by the National Zoological Park and screened gypsum worth Rs 3.35 crore by FCI Aravali Gypsum and Minerals India [6].