<h1>Transaction charge reduction on public procurement platform lowers barriers and expands access for small suppliers and service providers.</h1> GeM's new revenue policy effective 9 August 2024 reduces transaction charges: orders up to a low-value threshold attract zero charges; orders between that threshold and a high-value ceiling incur a reduced percentage fee; and orders above the high-value ceiling pay a fixed, substantially lower flat fee capped irrespective of order size. The revision shifts most transactions to zero fees while imposing a nominal, capped fee on remaining transactions, aiming to lower transaction costs and expand access to public procurement for smaller suppliers.