gem seller registration online process in India

GeM stands for government e-marketplace. It was launched in 2017 under the allocation of Business Rules, 1961. In an easy language, it can be explained as an e-commerce website just like Amazon or Flipkart under the control of the government. GeM offers a one-stop marketplace for the procurement of common goods (like furniture, crockery, electrical and electronics, food items etc) and services to various government offices, PSUs, etc.

It was launched by the government to provide efficient, transparent, and time-saving modes of business transactions between the buyers (government) and the sellers. Any SSBs or a manufacturer can contact the business-friendly platform to sell his products to the famed buyers from the Government departments, where there is resolve for such supplies, all with a simple GeM registration.

Seller Categories under  gem portal registration as a seller

The seller will apply for GeM Registration underneath these categories:

(a) Original instrumentality Manufacturer (OEM)
(b) Re-seller.
(c) OEM Service supplier.
(d) Non-OEM Service supplier.
(e) Service supplier.

Benefits of GeM

The geM is a unique gateway link between a buyer and a seller with transparency and many other benefits. Some of them being:

Benefits for a buyer:  GeM offers buyers the actual pricing of the products and services removing the brokers in between the process as the sellers bid directly on the portal. This way both the buyers and the sellers are benefitted.

Benefits of gem seller registration: Single stop platform to market and bid for the products and services with minimal efforts and maximum returns. Ensure transparency in the trade as the sellers are bidding directly on the portal thus no commission cost to the brokers.

Benefits for startup organizations: Startups are exempted from the submission of prior experience and prior turnover proof. Relaxation is given on the earnest money deposits. Bid security is not taken from MSMEs. The startups can work on the trial order model with the government.

Features of GeM

1. End to end system: The geM portal is having everything in one place without any intermediary so that everything is on a transparent basis.

2. Registration authentication: As registration details are with the attachment of documents that means authentication is going on and there is no role of misrepresentation so that both the parties can work patiently.

3. Multiple payment options: Providing multiple options to pay with e-banking makes so viable to work from anywhere without a doubt of physical presence.

4. Price comparison: Whether the seller or buyer both have the option of comparison of price so that they can take decisions about the market of their product.

Documents required for GEM Registration

• Company incorporation certificate, LLP incorporation certificate as the case may be.
• MSME certificate
• Copy of pan card
• Bank details along with KYC documents
• Identity and address proof
• Copy of cancelled cheque

Steps to be followed for registration

• Open the link www.gem.gov.in and click on sign up option.
• Submit your organizational details to create an account.
• User id and password will be generated at the time of account creation and the same will be updated on your registered mail id and phone number by generating OTP.
• After that click the verify button to verify the same.
• A verification email will be generating on registered mail id click on the verify email to verify the same.
• User id and password created successfully.
• After login, fill in all the details of your organization and fill all the mandatory details click on the Save button to confirm the details.
• After that choose the payment method being used in the organization.
• Fill up the details of the budget allocated to the organization.
• Fill the bank account details.
• Fill in the personal details to process the next step one time password will be generated on the phone number linked with the Aadhar card to complete the process.

Conclusion

The geM is created by the government of India to facilitate the trade of small and medium scale business. It gives a unique portal for the buyers and sellers to interact and agree on a mutual bid thus allowing a transparent model of business by removing the broker chain and giving the maximum benefits to the trade owner.

GeM portal makes the easy price comparison, registration authentication, and broad market product specifications for all the parties at a real point in time.

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CS Jagriti Mehndiratta

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