Learn about GeM Portal, a real and official platform for government departments and organizations to trade services and goods. Sign up, buy, and sell.
The Government e-marketplace, or GeM, is an online portal created by the government to provide a dedicated marketplace for buying and selling goods by various organisations and departments, including private and government entities. The primary goal of the GeM Portal Registration is to increase transparency and efficiency in government procurement and employment while eliminating corruption.
The GeM Portal Registration is a centralized platform for federal, state, and local government agencies to purchase large quantities of goods and services with transparency and ease. Vendors and buyers can list their products for auction or direct purchase, with registration being the only requirement to participate. Rules and regulations must be adhered to, and the highest bidder is awarded the item.
GeM Reached 50 Lakh Sellers
- The GeM platform (gem.gov.in login), owned by the government, is growing rapidly and has surpassed 50 million sellers. 62,056 government entities have already registered as buyers, and the increasing number of registrations confirms the platform’s popularity. In just five months, a million vendors were registered on the portal. As of August 2022, businesses of all sizes have completed over 50,50,000 registrations on this expanding platform.
- The Udyam portal, launched by the government in July 2020, will further accelerate the platform’s growth. With a 55.01% share of the portal’s total order value, businesses of all types account for most orders.
- Sales have increased by more than 300% in 2021 and 228% in 2022, and the trend continues. The buyer’s share is expected to decrease from 66% in 2019 to 2% in 2022. As a result, GeM aims to expand its Gross Merchandise Value to ₹ 2 lakh crores during the current fiscal year. This goal is achievable with the addition of co-operatives as buyers and government and CPSE work contracts on the platform.
GeM Portal Registration History
The GeM portal is an internet-based platform that facilitates government transactions in India. It was unveiled to the public by the Ministry of Commerce and Industry on 9 August 2016, and it’s noteworthy that the site was created in a remarkable five months.
As of 31 August 2021, the GeM portal registration have over impressive 25,98,510 registered vendors and service providers. Additionally, it boasted an extensive array of 16,409 product categories, with almost 52 million distinct products available for purchase.
GeM Portal Objective
The Government Electronic Marketplace (gem.gov.in login) aims to eliminate corrupt practices and improve transparency and efficiency in government procurement and recruitment. Additionally, the portal aims to mandate all government departments and ministries to conduct their purchases of goods and services exclusively through the platform.
GeM Portal Registration Benefits
1: Advantages for Buyers
- Total transparency and ease of buying for buyers
- Various listings of products for all types of goods and services
- Direct purchasing for amounts up to ₹ 25000
- GeM pool accounts available from 11 banks
- L1 purchase for amounts greater than ₹ 25000 up to ₹ 500000
- Proprietary article certificate bid for buying specific products
- Price trends and comparisons from different sellers
- Direct notifications for buyers once items are purchased
- Integrated payment system
- User-friendly interface with search option and dashboard
- Automated and powerful online grievance system
- Option to select duration between 10 to 21 days and product delivery for 180 days
2: Advantages for Sellers
- GeM Portal Registration has no sign up cost or fee for sellers
- Connects sellers to the national public procurement market
- Special rules and services for MSMEs and start-up companies
- Online platform means contactless transactions without repetitive information
- Multiple bills can be issued for a single order
- All unsuccessful applicants will receive feedback on their application
- Dashboard to track payments and supplies
- Improved business cockpit with new chart widgets and parameters
- ITR exemption for North Eastern states and J&K during bid time
- Prices subject to market changes
- Direct contact with government agencies and affiliated groups.
- GeM portal is free to join for sellers
- It allows sellers to connect with the national public procurement market
- There are special rules and services for MSMEs and start-ups
- Transactions on the online platform are contactless, eliminating repetitive information.
- Multiple bills can be issued for one order.
- Feedback is provided to unsuccessful applicants
- Dashboard helps sellers track payments and supplies
- Business cockpit has been enhanced with new chart widgets and parameters
- ITR exemption for North Eastern states and J&K during bid time
- Direct contact with government agencies and affiliated groups.
Documents Required for GeM Registration Portal
- ID card or Aadhar card required for registration
- Pan card is necessary for GeM registration
- Bank account details needed to continue services
- GST certificate required
- CIN, Registered office, factory or warehouse details must be provided
- MSME certificate necessary for applicants
GeM Portal Registration for Seller
- Step 1: Open the official website of GeM Portal.
- Step 2: Click on the sign-up option in the menu on the home page.
- Step 3: Choose the seller option and a new page will appear.
- Step 4: Accept the terms and conditions by clicking on the tick.
- Step 5: Fill in the business/organisation type and name.
- Step 6: Enter personal details and choose between PAN or Aadhar card for registration.
- Step 7: Verify the card by providing an email address if required.
- Step 8: Log in by giving credentials such as user id and password.
- Step 9: Update the profile by validating company details, office location, bank account details, and PAN.
- Step 10: Open a bank account linked to the GeM portal and deposit caution money.
- Step 11: Offer goods and services/brands and participate in GeM bidding to receive orders.
Conclusion
The GeM Portal Registration is a unique platform in India that is exclusively designed for government organizations and departments to trade goods and services. It provides various benefits to both buyers and sellers, such as easy tender search, a product price list, and a secure payment process.
By signing up for the GeM Portal, users can participate in GeM bidding and receive orders, and sellers can offer their goods and services or brands with ease. Overall, the GeM Portal is a convenient and reliable platform that has simplified the buying and selling process for government organizations and departments.
