Updating the business profile for MSME sellers is important to avoid deactivation of their seller account.
For MSMEs selling on the government’s public procurement portal Government eMarketplace (GeM), the latter has extended the last date to update their profile to April 30, 2024. Updating the business profile is important to avoid deactivation of the seller account. Here are the online steps for MSME sellers to update their business profile:
Login to the GeM portal using your user ID and password
Click on your business name on the top right corner of the page and then click on ‘My Account’
Your seller profile page will come up
On the left pane under the ‘Business Profile’ section, fill in information in all the sub-sections such as Organisation Profile, Business PAN Validation, Business Details, Additional Details, Office Locations, Bank and Accounts
Save all the details
Click on ‘e-invoicing’, read e-invoice declaration, record your response and click on ‘Get OTP’
Click on MSME under ‘e-invoicing’ on the left pane and share your Udyam number and and mobile number.
Click on ‘Verify and Save’ to update the profile
Once the profile is updated, you can list your products and services for sale on GeM
Importantly, the platform has recorded significant growth in the previous fiscal. The platform’s total order value or gross merchandise value (GMV) grew to Rs 4 lakh crore (Rs 4,00,245) in FY24 from Rs 2.01 lakh crore (Rs 2,01,463) in FY23, on the back of growth in goods and services procured by various government departments and enterprises, FE Aspire had reported earlier.
Out of the total GMV, 49.37 per cent (Rs 1.97 lakh crore) came from micro and small enterprise (MSE) sellers on the public procurement portal.
However, as per the government’s public procurement monitoring portal MSME Sambandh, goods and services procured by the government from micro and small enterprises (MSEs) in FY24 had dropped by 9.2 per cent from FY23.
