Introduction
An eMarketplace allows government agencies to easily find products and services they need without having to spend hours scanning through hundreds of websites and reviewing dozens of proposals, saving time and money in the process. It also makes it easier for businesses that provide goods and services to the government by simplifying the purchasing process, which in turn gives them more time to focus on their core operations instead of making sales pitches. In short, this website will benefit both parties tremendously as long as you know how to use it properly, which brings us to our next point. Let’s get started!
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What does GeM mean exactly? A government online marketplace is a place for citizens to buy goods and services from various government websites. Individuals, businesses, nonprofits and more can find whatever they need by visiting GEM or going directly to a participating website. To help users understand how to register and what it means, we’ve provided some useful information below. The following details explain the benefits of registering in GeM, including how to get started using GEM’s common log-in portal across all participating sites.
How Does GeM Works?
Government E-Marketplace is a platform developed by the Ministry of Commerce and Industry under the National eGovernance Plan. Government E-Market Place (GeM) is an online marketplace for various categories of sellers namely Central Public Sector Enterprises, State Public Sector Enterprises, Registered Private Sector Retailers, Qualified Institutions, and Individuals to trade their products with various buyers such as Government Departments/Organizations, Licensed Bodies/Universities, and other Non-Governmental organizations. GeM was launched on 9th August 2016 by Hon’ble Prime Minister Shri Narendra Modi.
GeM Features
GeM has a wide variety of features to streamline its process. Here are just a few features:
● Transparency
● Efficiency
● Robust Security & Safety
● Have Great Future Potential
● Increases Savings
Benefits of Registration on GeM?
These are some of the advantages of the Government eMarketplace both for buyers and sellers. let’s have a look!
Offers rich product listings for the individual product categories
Arts & Crafts, Baby Products, Books, Cell Phones, Consumer Electronics, Fashion Accessories, Flowers & Gifts, and Sport & Outdoors. It also offers aggregated listings for related product categories like Industrial Products (Air Compressors), Electrical Goods (Fluorescent Bulbs), and Stationery Products (Notebooks). Customers will also find many valuable new features including powerful search capabilities to help them quickly locate products within the GeM portal with or without any keywords. Moreover, all these offerings help in achieving the Govt. ’s goal of ‘Digital India’.
Buyers Get Integrated Payment System
If you have a credit card or debit card, you can pay your vendors and suppliers through your online account. This means that you won’t have to run around looking for payments when trying to collect from everyone. Instead, everything will be streamlined in one place so that all you need to do is hit confirm payment when it comes time for payment day.
Provide transparency and ease of buying
Government eMarketplace provides a single marketplace for buying/selling government products and services. This is a one-stop destination for all central and state government procurements, making it easier for buyers to look for products/services across sectors.
No charges or fees for getting registered
You don’t have to pay any fees when you register. Your details are kept confidential, and won’t be used for marketing purposes. All you need is your name, email address, and a password that is between eight and 12 characters long (the longer, the more complex your password, the better).
Businesses can easily participate in bids/reverse auctions
The first and foremost benefit associated with registering with government eMarketplace is that businesses can bid for or participate in government bids/reverse auctions in an easier manner. Earlier, businesses had to register separately and log in to different portals to register for bid/reverse auctions. However, now they need to register only once, on GeM website, and they will get access to all auctions conducted by various departments/ministries. To sum up, it saves time and helps businesses focus more on operations instead of the registration process.
Dashboard for tracking supplies and payments
The eMarketplace also offers a dashboard for tracking all your supplies and payments, allowing you to create invoices, check order statuses and get payment notifications in one place. The site allows you to set up a profile including business information such as your legal name, physical address, and banking information.
Easy Return policy
One thing that’s great about shopping online at GeM is that it allows you to return items easily. This means that if you receive a defective product or find out you don’t like something as much as you thought, there’s no need to drive miles back to the store. All that is required is a quick phone call and a few clicks, and your product will be picked up and returned. Easy!
One-stop-shop for marketing with minimal effort
Any government department can market its products and services through GeM. For example, they could create a profile for each product or service; share details about who it’s for, what it’s used for, and how much it costs; and link to eligibility criteria. In other words, GeM provides a one-stop shop for marketing with minimal effort.
Suggested Read- benefits of GeM
Conclusion
When you’re selling online, it can be tempting to seek out new or emerging platforms. While they might have a smaller number of buyers, they also provide greater opportunity for exposure and recognition – and, ultimately, more traffic and sales. This makes them well worth your time. There are few things as valuable as knowing how to capitalize on every possible sales platform; being able to claim space in even one more marketplace is enough to make your business that much stronger.
Government eMarketplace is a marketplace where buyers and sellers can meet online to buy and sell products. This is a great place for buyers to find everything they need in one place, while sellers can reach out to new customers. To register with government eMarketplace, you will need to create an account and then search for items that you are interested in buying or selling. Once you have found what you are looking for, it’s time to complete your transaction. Hope you enjoyed reading our Benefits of Registering on Government eMarketplace.