Here’s a more detailed explanation:

Purpose:

The GeM portal is designed to facilitate government procurement by creating an online marketplace where government buyers can find and purchase goods and services from registered sellers. 

Benefits for Sellers:

Registering on GeM allows businesses to:

• List their products and services on the platform.
• Participate in government tenders and bids.
• Reach a wider audience of government buyers.
• Enjoy a more efficient and streamlined procurement process

Benefits for Government:

GeM helps government agencies:

• Find suppliers and vendors efficiently.
• Ensure fair and transparent procurement practices.
• Reduce procurement costs and administrative overhead

Registration Process:

The registration process typically involves:

• Providing business details and information.
• Uploading required documents.
• Completing the registration form.
• Making a payment for registration.
• Verification of details by the GeM platform.

Documents Required:

The required documents may include:

• Business registration certificate.
• PAN card.
• GSTIN.
• Bank account details.
• Income Tax Returns for the last three years.
• Other documents as specified by the GeM platform.