EconomyGS-3
21 December 2025GeM Forward Auction Module for Government Asset Disposal
Syllabus: Public Finance and Governance
Ministry of Commerce & Industry
Why in news?
GeM’s Forward Auction module has emerged as a nationwide digital mechanism for transparent and competitive disposal of government assets.
⚛️Static Concepts
E-GovernanceNon-Tax RevenuePublic Asset Management
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Prelims-Oriented Points
- Enables online disposal of scrap, e-waste, vehicles, machinery and leasehold properties.
- Introduces real-time bidding with reserve prices and transparent value discovery.
- Supports environmental responsibility through efficient e-waste disposal.
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Examiner's Trap: Forward Auctions are not limited to scrap alone; they include land and buildings.
Quick Data Points
Auction value (2021–25): ₹2,200+ crore
Auctions conducted: 13,000+
Registered bidders: 23,000+
Mains Value Addition
GS-3: Governance reforms, public asset management.- Reduces opacity and administrative delays in asset disposal.
- Improves fiscal efficiency and non-tax revenue mobilisation.
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Strategy Deep Dive
→National Frequency Allocation Plan 2025 (NFAP-2025)
Daily MCQ Session
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