Over 400 Cooperatives Registered On GeM Portal In Last 3 Months: Govt

Government e Marketplace (GeM), is a digital platform for public goods procurement to build an open, efficient, and transparent procurement platform and elevate Micro, Small, and Medium Enterprises. GeM is a modern, self-sufficient, and user-friendly website that allows government officials, organizations, and public sector units (PSUs) to buy common goods and services online.

It provides extra services like e-bidding, reverses e-auction, and demand aggregation technologies to help government users get the most bang for their buck. It is a completely digital, cashless, system-driven marketplace that allows users to purchase ordinary goods and services with little to no human involvement.

In the previous three months, approximately 400 cooperative societies have registered on the Government e-Marketplace (GeM) platform.

Aside from that, the government has made several steps to strengthen and expand cooperatives since the establishment of a new cooperation ministry in July 2021.

Organic products, particularly those from the North East, do not have a market. Cooperatives can sell organic or other products through the GeM portal today.

According to the National Portal of India, the GeM POC platform now offers over 7,400 products in around 150 different categories, as well as the opportunity to engage a transportation service. More than Rs 140 crore in transactions have already been completed through the portal.

A national committee, led by former union minister Suresh Prabhu, has been formed to design a new cooperation policy, and the consultation process is currently underway.

The 'Government eMarketplace' procured Rs 1 lakh crore in annual procurement in FY22. The increase is 160% more than the prior fiscal year.

Several initiatives have been made to incorporate products from self-help groups (SHGs), tribal communities, craftsmen, weavers, and micro, small, and medium-sized enterprises (MSMEs) on the platform (MSMEs). It observed that the government's measures to promote e-commerce, such as the Digital India program, Unified Payment Interface (UPI), GeM, and others, have been key contributing factors to the recent rise of E-commerce.

GeM's major goal is to help government departments acquire products/services with the right volume, right quality, right quantity, and right sources on time. Approximately 80,000 merchants have published approximately 6.18 Lac goods with rates on the GeM platform.

The government e-Marketplace (GeM) serves as the Public Procurement Portal for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs), and affiliated organisations. GeM works to improve the transparency, efficiency, and inclusiveness of government procurement. GeM has the following advantages: It is a centralized and unified public procurement platform for government buyer organisations and suppliers of goods and services, and it is accompanied by:

 

 

• Policy changes for the current public procurement ecosystem

 • Increased Inclusion and Ease of Doing Business (EoDB) with the Government (particularly for smaller organisations such as MSMEs)

 • Process standardization supported by a regulatory framework

• A fully automated system enabled by technological breakthroughs

Comments

Post a Comment

Popular posts from this blog

GeM's Digital Payment Integration: Advancing Cashless Transactions in Government Deals

  The GeM platform was created by the Indian Government to conduct trade and business free from any type of corruption and by following utmost transparency and efficiency.  The platform provides a diverse range of products and services. All registered suppliers have access to the site, and government purchasers may choose the best value for their money from among the available possibilities. As we all know that we are living in an era of digitalization and technological advancement and this is also evident in the GeM platform . GeM has taken crucial steps in integrating digital payment systems. By using up-to-date technology and eliminating the need for cash-based transactions, it has transformed the government procurement system, making it more accessible, secure, efficient, smooth, and convenient.  The risks and issues involved in cash-based transactions have been eliminated as a result of  GeM's integration of digital payment methods. To protect sensitive ...
Read more

SAIL Crosses Rs 10,000 Cr Procurement Mark on GeM Portal Since Inception

  Located in New Delhi, India, Steel Authority of India Limited is a central public sector organization. It is owned by the Ministry of Steel, Government of India, and will have a 2021–22 fiscal year revenue of INR 1,03,480 billion. Five integrated plants and three special steel plants operated by SAIL, primarily in India's eastern and central regions and close to domestic raw material sources, produce iron and steel.   The steel producer produces and markets a variety of steel goods. The largest steel-producing company in the nation is SAIL, which is part of the Ministry of Steel and has an annual capacity of more than 20 million tonne. GeM is an entirely digital, cashless, system-driven e-marketplace that makes it possible to buy common goods and services with little to no human interaction.   GeM SPV (Special Purpose Vehicle), a wholly owned, nonprofit corporation run by the Ministry of Commerce and Industries of the Government of India, is the owner of the pla...
Read more

Ensuring Efficiency and Cost Savings through Government e-Marketplace

The emergence of technology has transformed many industries, and the government is no exception. Governments from all over the world have recently realized how effective and cost-effective electronic marketplaces (e-marketplaces) can be in streamlining procurement procedures. The Government e-Marketplace (GeM) , a platform that has experienced tremendous growth in India, is one such endeavor. GeM has changed the way traditional procurement is done by using technology to increase transparency, streamline processes, and promote competition. GeM's main goal is to establish a uniform platform for the smooth procurement of goods and services by government agencies and organizations. GeM has removed geographical constraints, cut down on paperwork, and minimized manual intervention by switching from offline to online procurement. Numerous advantages of this digitalization include increased effectiveness and cost savings for both consumers and sellers. The procurement procedure is firs...
Read more