1.What is GeM?
The Government e-Marketplace (GeM) is a basically an e-commerce portal operated by the Government of India.
It is an online platform where sellers and government buyers meet to facilitate the procurement of Goods & Services that required by different Government Departments, Organizations and the Public Sector Undertakings.
A one-stop online procurement portal for all Government Buyers including Central/State ministries, Department Departments, Bodies & Public Sector Units.
GeM is the marketplace for all the buying and selling needs Right from registering yourself as a seller to receiving your payment from the buyer, this portal has all utilities to complete a transaction from end to end.
Rule 149 of GFR amended to “Procurement of Goods and Services by Ministries or Department will be mandatory for Goods or Services available on GeM”
It provides the tools of e-Bidding, Reverse Auction and Direct Procurement to facilitate Government users achieve the best value for their money.
Here the buyers are various Government Departments.
Key Stakeholders of GeM
2. What are the benefits of Sellers GeM Registration?
By obtaining the GeM Registration, you can truly enjoy the following benefits of smarter trade & commerce as proposed by the government-
- You get opportunity to participate in Bid / Tenders and Reverse Auctions on many products and services.
- Direct Sell: This feature helps the sellers to sell their products of value up to ₹25,000/- at a fair price directly to the government buyers without any bid or tender.
- Support to MSME: The MSME having GeM registration can take advantage from a wide range of business opportunities for example e-bidding, reverse e-auction in addition to demand aggregation.
- Dynamic Pricing: GeM allows you to price your product dynamically based on the market conditions. It is an added advantage that you could change the price at any moment.
- GeM gives you direct access to purchasing requirements of all Government Departments. This gives you an idea about the type of products the Government Departments are buying and in what frequency.
- Multiple Procurement and Payment Option.
- Soon after you get the GeM Registration in the name of your firm, you can access the Public Procurement facility to sell your items.
3.What are the types of government tenders on GeM?
- Advertised Tender Enquiry
- Limited Tender Enquiry
- 2-Stage Bidding
- Single Tender Enquiry
- Reverse e-Auctions
4. What are the benefits for Startup under GeM Registration?
While doing registration on GeM portal, there is an option available for registering your organization like a startup on GeM. The government gives priority to the new entrants in trade.
DPIIT Recognised Startups gets following additional benefits over other private traders and manufacturers:
- Startups are exempted from otherwise stringent selection criteria such as Prior Experience and Prior Turnover Proof.
- Relaxation on Earnest Money Deposits. No bid security to be obtained from MSMEs and Startups.
- The chance to work on trial orders with the Government, making them more likely to take chances on a new product.
- Buyers can rate your product or service on GeM. Given the large scope of public procurement, this can help you to finetune and adapt your product for scale.
- No more restrictive categories on GeM, meaning that new & innovative products to be published on the platform.
For further assistance on registering with GeM or transacting or bid participation or any other information, please contact us.