GEM Portal Registration
The GeM portal is a government-created website via which the government offers tenders for various day-to-day needs of government organizations, public sector businesses, and ministries. The major goal of the GeM site is to improve openness and efficiency in governmental procurement and employment. The seller and buyer can buy and sell their products to the government by registering on this portal.
The Government e-Marketplace (GeM) is an online platform for federal and state government agencies to acquire products and services. Government procurement has always been an important aspect of government operations. The government's goal in implementing GeM was to improve public procurement transparency, efficiency, and speed. GeM provides e-bidding, reverse e-auction, and demand aggregation solutions to help government agencies receive the best deal possible.
The Government e-Marketplace (GeM) is a federal government e-commerce portal. It serves as a one-stop shop for the convenient online acquisition of consumer goods and services required by numerous government departments. The GeM's major goal is to ensure that the procurement of supplies is transparent, effective, and timely. GeM is an online marketplace where buyers and sellers can list their things for direct purchase or auction. The department contacts the registered individual and delivers the bulk order to them. The government has extended its hand to vendors who wish to do business with it in order to meet the government's various needs at the lowest possible cost through this method.
Benefits of GeM Portal Registering
- National Public Procurement Market Access
- Special provisions and sections for new businesses, SMEs, and Emporium items
- Platform is fully online, paperless, and contactless.
- Several invoices for the same order
- Easy participation in bids and reverse auctions
- In RA, the clock has been activated to show how much time is left for sellers to participate
- Reasons for rejection will be displayed to all sellers.
- A user-friendly dashboard for tracking supply and payments for sellers
- At the time of bidding, sellers from the North-East states and J&K are exempt from ITR
- Dynamic Pricing - Based on market conditions, the price might be modified
- Direct contact with government departments and agencies
Benefits for Start-ups on GeM
- Requirement Exemptions: Start-ups are immune from stringent selection criteria such as need for prior experience, turnover, and so on.
- Pilot Projects: The opportunity to work on government trial orders, making them more willing to try a new product.
- Feedback Device: On the platform, buyers can rate the specified goods or services.
- Flexibility: It allows for greater flexibility in the selection of products that must be original in order to be published on the platform.
For GeM Registration, the Following Documents are Required
- Applicants must have a PAN card for the GeM registration.
- Applicant should have an Udyog Aadhaar, which is also known as an MSME certificate.
- GST registration certificate is also required for selecting the tax category.
- Cancelled cheque copy is also required for the bank details.
- Aadhaar Card of the applicant is also required as identity proof of the applicant.
