MSME Sambandh: Public Procurement Portal for MSMEs launched
The Ministry of Micro, Small and Medium Enterprises (MSME) launched Public Procurement Portal ‘MSME Sambandh’ for Public Procurement Portal for MSMEs.
The objective of the portal is to monitor the implementation of the Public Procurement from MSEs by Central Public Sector Enterprises (CPSEs). It will help MSMEs in participating in the procurement process. Besides, it will help Ministries and the CPSEs can assess their performance in procurement process as stipulated in Procurement Policy, 2012.
Background
The Procurement Policy launched in 2012 mandates the Central Government Departments, CPSEs to procure necessarily from MSEs. It means that every Central Ministry, Department, PSU shall set an annual goal for procurement from MSE sector at beginning of year. Its objective is to achieve overall procurement goal of minimum of 20% of the total annual purchases of the products or services produced or rendered by MSEs.
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Month: Current Affairs - December, 2017