The Union Cabinet on Wednesday cleared a proposal allowing cooperatives to sell products on the Government-e-Marketplace (GeM) platform. The cooperatives may however be charged a transaction fee to cover the incremental costs, a government statement said.
The GeM started in 2017 is a one stop portal to facilitate online procurement of common use Goods and Services. The portal is open for all government buyers—Central and State Ministries, departments, public sector enterprises, autonomous institutions, local bodies, etc. Private buyers cannot buy on the platform but private people can sell products to government bodies through the portal.
Union Home and Cooperation Minister Amit Shah said in a tweet that the GeM would provide an opportunity to the cooperatives to sell products in a transparent manner. He said the move will benefit 27 crore people associated with 8.5 lakh cooperatives.
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