Hotline: 1800 102 2007
X
Search Business Opportunities
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"

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
  • Quick Service Restaurants
    Kathi Junction – brings the golden opportunity to start your..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater NEW DELHI New Delhi
  • Quick Service Restaurants
    About Us: Pizza is easily recognised food item in the world,..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About Us: Legends of Punjab serves exclusive North Indian food in..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Bakery & Confectionary
    About: Started in 2003 Kabhi B Bakery + Patisserie the retail..
    Locations looking for expansion Gujarat
    Establishment year 1996
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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