Home and Union Cooperation Minister Shri Amit Shah will e-launch registration of cooperatives on GeM portal tomorrow in New Delhi. Union Commerce and Industry Minister Shri Piyush Goyal and National Co-operative Union of India (NCUI) President Shri Dileep Sanghani will also be present at this program organized by Ministry of Cooperation (Government of India), NCUI and Klenot. With this e-launch, all eligible cooperatives will be able to start placing orders on the GeM portal. Recently, the Ministry of Cooperation in its advisory has made NCUI the nodal agency to facilitate incorporation of cooperatives, coordination with GeM authorities and ensure cooperatives are in the process of listing.
NCUI has compiled a list of cooperatives with turnover/deposits of Rs. 100 crore and forwarded this information to GeM to initiate the onboarding process. 589 teams were shortlisted as eligible for onboarding. NCUI has written to all cooperative federations and organized virtual meetings of national and state federations and eligible cooperatives in individual sectors to inform them about the benefits of the GeM portal. A joint task force of NCUI and GeM officials has been formed to call/email individual cooperatives to invite them to register and hold them for registration. A GeM Technical Team Helpdesk has been set up at NCUI to assist cooperatives with the entire process.
GeM was established as a national procurement portal to provide a comprehensive online marketplace to central and state government departments/ministries, PSUs etc. for common goods and services in a transparent and efficient manner. So far, GeM has not been allowed to register cooperative societies as buyers on the platform. The Union Cabinet chaired by Prime Minister Shri Narendra Modi on June 1 approved the extension of the mandate for GeM to allow cooperatives to procure goods and services through GeM.
Not only do cooperatives get competitive pricing through an open and transparent process, they can also buy from around 45 million verified vendors/service providers available across the country on a single platform. In addition, it will save time and reduce administrative costs for cooperatives. Incorporation of cooperative societies/banks will take place gradually. In the first phase, cooperative societies/banks with turnover/deposits of more than Rs. 100 crore as per the latest audited financial statements and with an A grade audit was accepted for adoption.
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