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cooperatives: Cooperatives get Cabinet nod to buy from govt e-marketplace | India News

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NEW DELHI: The Union Cabinet on Wednesday decided to allow cooperatives to procure goods and services through the government e-marketplace (GeM), an Amazon- or Flipkart-type platform currently open to central and state government agencies, including PSUs and local bodies.
The move is aimed at helping over 8.5 lakh cooperatives and their 27 crore members take advantage of open and transparent prices to purchase products and services at more competitive rates, I&B minister Anurag Thakur said.
“The ministry of cooperation would issue necessary advisories to encourage cooperative societies to make use of the GeM platform for procurement of goods and services in order to benefit from increased transparency, efficiency and competitive prices. To protect interests of the broader seller community on GeM and ensure timely payments, the modalities of payment systems shall be decided by GeM in consultation with the ministry,” an official statement said.
The recently-formed ministry of cooperation wanted cooperative societies to be allowed to procure goods and services from the GeM as it is seen to have developed as a one-stop platform to facilitate online procurement.
Launched nearly six years ago, the GeM will leverage the existing platform and organisation for supporting the expanded mandate, although it may need some investments in additional technology infrastructure, and training and support resources.



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