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Science & Tech., Economy
Mahesh

09/08/22 06:07 AM IST

Onboarding of cooperatives on Government e Marketplace (GeM) portal

In News 
  • The Union Home and Cooperation Minister, Shri Amit Shah will e-launch the onboarding of cooperatives on the GeM portal in  New Delhi. 
Onboarding of Cooperatives 
  • With this e-launch, all eligible cooperatives will be able to start placing orders on the GeM portal.
  • Recently, the Ministry of Cooperation in its advisory had made the NCUI the nodal agency to facilitate onboarding of cooperatives, coordinating with GeM authorities and handholding the cooperatives in the process of on-boarding.
  • Cooperatives will not only get competitive prices through an open and transparent process, but can also procure from about 45 lakh authenticated sellers/service providers available across the country on a single platform. Besides, this will lead to saving of time and reduction of administrative costs for cooperatives.
  • The onboarding of cooperative societies/banks will be done in a phased manner.
  • In the first phase, cooperative societies/banks with turnover/deposits of more than Rs. 100 crore as per the latest audited financial statement and with A Grade auditing have been  taken up for onboarding.     
GeM 
  • GeM has been set up as the National procurement portal to provide an end-to-end online marketplace for Central and State Govt deptts/ Ministries, PSUs, etc for common-use goods and services in a transparent and efficient manner.
  • It was launched in 2016 to bring transparency and efficiency in the government buying process.
  • GeM is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services required by various Central and State Government Departments/Organizations/Public Sector Undertakings (PSUs).
  • The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.
  • It also provides the tools of e-bidding and reverse e-auction to facilitate the government users achieve the best value for their money.
Source- PIB 

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