Cabinet Approves Procurement by Cooperatives through GeM Portal

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The Union Cabinet on Wednesday has decided to include cooperatives in the government e-marketplace portal (GeM). With this move, apart from the government, cooperatives can also procure through the GeM portal. GeM works on inclusion, transparency and efficiency. Artisans, weavers, SHGs, startups, women entrepreneurs and MSMEs are registered on GeM. If you look at accounting for the last four years, procurement of Rs 6220cr in 2017-18 hiked to over Rs 1.06 lakh cr in 2021-22. The GeM portal provides a wide range of products from office stationery to vehicles– automobiles, computers and office furniture are currently the top product categories. The Government e-Marketplace (GeM), an online platform for public procurement, was launched by the Commerce Ministry, in August 2016 with the objective of creating an open and transparent procurement platform. Read More