Union Cooperation Minister Amit Shah E-Launches Onboarding of Cooperatives On GeM Portal
On August 9, 2022, Union Minister Amit Shah, Ministry of Cooperation, e-launched the onboarding of cooperatives on the Government e-Marketplace (GeM) portal in New Delhi, Delhi. The programme was organized by the Ministry of Cooperation, the National Cooperative Union of India (NCUI), and GeM.
A total of 589 cooperatives have been selected as being eligible for onboarding on GeM.
Significance
i. On August 9, 2022, another historic day in India took place, especially for the cooperative sector, as cooperative societies in India were granted access to GeM.
ii.According to the Gandhian principles embodied in the Indian Constitution’s Directive Principles of State Policy (DPSP),Article 43 states that: The State shall endeavour to promote cottage industries on an individual or co-operative basis in rural areas.
Key Developments in the Cooperative Sector
i. On June 1, 2022, the Union Cabinet approved the decision allowing cooperatives to be registered as buyers on the GeM platform.
ii.All qualified cooperatives with a turnover and deposits of Rs. 100 crore would be able to place orders on the GeM portal in the first phase.
About the Ministry of Cooperation:
Union Minister – Amit Shah (Gandhi Nagar Constituency, Gujarat)