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Source: The post is based on the article “Union Minister for Cooperation e-launched the onboarding of cooperatives on the Government e Marketplace (GeM) portal” published in PIB on 9th August 2022.
What is the News?
The Union Cooperation Minister has launched the onboarding of cooperatives on the Government e-Marketplace(GeM) portal.
What is the Government e-Marketplace(GeM) portal?
What has changed now?
The government has now allowed the cooperatives to procure through the GeM portal like other government buyers—Central and state ministries, departments, public sector enterprises, autonomous institutions and local bodies.
Note: Till now only government buyers could procure through the GeM portal.
Which type of cooperatives will be allowed on the GeM portal?
In the first phase, all eligible cooperatives, with turnover or deposits of ₹100 crores, will be able to start placing orders on GeM.
National Cooperatives Union of India(NCUI) will be the nodal agency to facilitate the onboarding of cooperatives and coordinate with the GeM authorities.
Further, the cooperatives were also asked to register themselves as sellers on the GeM platform. This would provide a huge platform to sell their products to a large pool of government buyers.
