CPSE Conclave on Public procurement policy for MSEs held in New Delhi

New Delhi, Nov 19 (KNN) Bhanu Pratap Singh Verma, Minister of State, Ministry of MSME on Friday chaired the CPSE Conclave on Public procurement policy for MSEs under National SC-ST Hub in New Delhi.

The primary aim of convening the conclave was to interact with various CPSEs and to understand their challenges in achieving the targets as mandated under Public Procurement Policy Order for MSEs.

The conclave was attended by officer of Department of Public Enterprises and officers from various CPSEs.

As per the Public Procurement Policy for Micro and Small Enterprises (MSEs) every Central Government Ministry, Departments and Public Sector Undertakings shall procure minimum of 25 per cent of their total annual value of goods or services from MSE.

In addition, 4 per cent of total procurement of goods and services shall be made from Micro and Small Enterprises owned by SC & ST entrepreneurs and 3 per cent from women entrepreneurs.

The conclave also focussed on sensitizing, recognizing, and felicitating the CPSEs who have made efforts to achieve the targets of procurement from SC/ST and Women MSEs.

During the meet, Verma encouraged the efforts undertaken by CPSEs towards fulfilling the mandate of Public Procurement Policy and also urged all the CPSEs to proactively reach out to SC/ST/Women entrepreneurs and provide them with required hand-holding support.  (KNN Bureau)