2011-03-28

Policy for MSMEsto reach today

"The more improvised government procurement policy including 20 percent quota for SC/ST category will reach to cabinet on Monday"

Policy for MSMEsto reach today

The modified government procurement policy for MSMEs including 20 percent quota for SC/ST category, is likely to reach the union cabinet on Monday, a senior central government official said in the national capital.

"The more improvised government procurement policy including 20 percent quota for SC/ST category will reach to cabinet on Monday," Secretary MSME, Uday Kumar Varma told SME Times on the sidelines of the third World SME Conference, organised by management consultant Milagrow on Saturday.

As per the modified cabinet nod there should a provision of aspirational 20 percent government procurement for MSMEs for first three years. And 20 percent of this 20 percent should be for SC/ ST categories. As per the UPA government’s national agenda the government is trying to help SC and ST category in the MSME sector also.

The MSME procurement policy has been finalized by Prime Minister's Taskforce on MSMEs, proposes to make it compulsory for government departments and public sector units to source 20 percent of their procurement needs from small and micro units. A task force chaired by the Prime Minister's Principal Secretary, T K A Nair, had proposed a compulsory procurement policy for MSMEs to help them improve their bottom lines and broadly encourage micro and small businesses in the country.


Related opportunities
  • Incorporated in 1984, Relaxo is the largest footwear manufacturer in..
    Locations looking for expansion Delhi
    Establishment year 1976
    Franchising Launch Date 2000
    Investment size Rs. 10lakh - 20lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Azvasais well known in the field of Education for its..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2023
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 44000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • Juices / Smoothies / Dairy Parlors
    We are providing sugar free juices of fruits replacing white..
    Locations looking for expansion Maharashtra
    Establishment year 2022
    Franchising Launch Date 2023
    Investment size Rs. 5lakh - 10lakh
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Thane Maharashtra
  • Beauty Salons
    Tiny n Shiny cultivates a welcoming and joyous atmosphere that..
    Locations looking for expansion Maharashtra
    Establishment year 2022
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads