GeM, or the Government e-Marketplace, is an online marketplace that makes it easier for Indian government agencies, Registration of gem has many benefits. organizations, and public sector entities to buy the goods and services they need. It was introduce in August 2016 by the Ministry of Trade and Industry with the goal of improving public procurement transparency, effectiveness, and accountability.
GeM offers a share platform for merchants and buyers
with the goal of streamlining the purchasing process, minimizing paperwork, and accelerating the payment process. GeM makes it simple for customers to search for the goods and services they need, evaluate options base on cost and quality, and make direct purchases from manufacturers. GeM provides a variety of goods and services, such as office supplies, furniture, computers and peripherals, software, printing services, security services, and more.
In India, GeM is required for all government agencies
public sector organizations when buying products and services that cost more than a specific amount. The portal is accessible to both sellers who meet the requirements as well as private purchasers like non-governmental organizations. In India, the public procurement system has been more transparent, efficient, and streamline thanks to the adoption of GeM.
What steps are involved in registering a gem?
Stage 1: Visit the GeM registration portal
Step 2: Following that, a new page with a form for you to complete will appear.
Step 3: Thoroughly review and approve the structure before submitting it.
Step 4: After completing the form, you must successfully complete the payment.
In the fifth stage, you will be given a variety of payment entryways from which to choose.
Step 6: An OTP will be sent to the registere mobile number or the designate email address.
Step 7: Our executive will arrive at your location to collect the OTP that you must provide to our executive.
Step 8: Your registration is currently complete.
Step 9: You will receive your GeM registration id and login certification via email at the address you provide during registration.
Step 10: You will receive your GeM certificate in 1-2 days.
GeM registration has a number of advantages for sellers, such as:
GeM has access to a sizable client base because it is the official e-marketplace of the Indian government. This customer base is made up of several public sector organisations and government departments. GeM registration offers a special chance for vendors to reach this clientele and grow their clientele.
GeM provides a user-friendly interface that makes the buying process simple and transparent. The platform makes it simpler for sellers to run their businesses by providing complete transparency in the procurement process and real-time tracking of orders and payments.
GeM offers a 100% paperless procurement procedure
which cuts down on the time and expense of paperwork. Sellers can quickly upload product catalogues and other documents to the site, where customers can quickly read and buy them.
GeM guarantees prompt payments to vendors within 10 days of the completion of the transaction. Additionally, the platform provides a safe and simple payment channel that lowers the possibility of misse or late payments.
GeM provides an even playing field for all vendors, regardless of their size or type of enterprise. Small and medium-sized businesses may now compete with bigger firms thanks to the platform, which also gives them more exposure and visibility.
Savings: GeM’s marketplace is competitive, allowing vendors to offer their goods and services for less. Both buyers and sellers may benefit from cost savings and increase business opportunities as a result.
Among other advantages, GeM registration offers vendors more business prospects, less paperwork, quicker payments, and greater visibility.
Large selection of goods and services
GeM provides a wide selection of goods and services, including furniture, IT equipment, automobiles, and office supplies. Buyers may more easily access goods and services thanks to the platform, which offers a single point of contact for all procurement requirements.
GeM does away with the necessity for time-consuming traditional procurement techniques like bids and tenders. Buyers may browse, compare, and acquire goods and services quickly thanks to the platform’s streamline procurement process.
GeM verifies and certifies every seller before allowing them to list their goods.
services on the marketplace. This guarantees that customers receive top-notch goods and services from reputable and trustworthy vendors.
GeM makes sure that all procurement procedures on the platform abide by applicable laws and regulations. Compliance is made simpler and more transparent by the platform’s centrally locate system for storing and accessing procurement-relate documentation.
Regulation of GeM eligibility
Any sellers who match the eligibility requirements outline by the platform are eligible to register for GeM. The following organizations may sign up on the GeM platform:
- Micro, small, and medium-size businesses are privately owne (MSMEs)
- public sector projects (PSUs)
- Ministries and divisions of the government
- Government-owne businesses
- independent bodies
- Local government entities like panchayats and municipal corporations
- beginnings and new enterprises
- groups for self-help (SHGs)
- sellers of goods and services, including producers, merchants, and service providers.
It is significant to remember that some products and services may need particular licenses
certifications in order to be markete on the GeM platform. When enrolling on the platform, sellers should make sure they satisfy all eligibility requirements and adhere to all applicable laws and regulations.