GeM - Abbreviations

Abbreviations - GeM

SN	Abbreviation	Stands for
1	GeM	Government e Marketplace
2	GTC	General Terms & Conditions (For Goods & Services. If not chosen STC)
3	STC	Special Terms & Conditions (For Goods & Services)
4	ATC	Additional Terms & Conditions (For Bid/Reverse Auction)
5	SLA	Service Level Agreement (For Services)
6	eRA	e Reverse Auction
7	PFMS	Public Finance Management System (online software for payments system in Govt of India.  Like IPAS in IR)
8	NPCI	National Payment Corporation of India (who develops UPI)
9	UPI	Unified Payment Interface (Payment system developed by NPCI)
10	GeMAR&PTS	GeM Availability Report & Past Transaction Summary
11	NPAE	Non PFMS Agencies/Entities (example is IR)
12	CRAC	Consignee Receipt & Acceptance Certificate
13	PRC	Provisional Receipt Certificate
14	PBG	Performance Bank Guarantee
15	DGS&D	Director General of Supplies & Disposables ( Nodal Agency for GeM and working under Ministry of Commerce & Industries)
16	NPO	Non Profit Organisation ( GeM SPV is NPO registered under Section 8 of Companies Act)
17	SPV	Special Purpose Vehicle
18	MRP	Maximum Retail Price (In GeM, every seller mandatorily offer 10% discount on MRP)
19	GFR	General Financial Rules
20	GMV	Gross Merchandise Value (Total value of transactions on e platform like GeM.  GeM is the 3rd rank in worldwide in terms of GMV)