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05/02/2019 03:29pm

25% procurement criteria announced by PM Modi on Nov 2 was implemented from Nov 9 itself

image 25% procurement criteria announced by PM Modi on Nov 2 was implemented from Nov 9 itself

New Delhi, Feb 5 (KNN) The 25 per cent procurement criteria under the Public Procurement Policy has already been implemented from November 9, 2018.

The amendment was officially notified on by the Office of DC-MSME on the same date.

A Senior Official from the Office of DC-MSME confirmed KNN India that the order has been implemented from November 9, 2018 itself.

This was one of the 12-sops announced by Prime Minister Narendra Modi on November 2, 2019.

The official notification said, “Throughout the Public Procurement Policy for Micro and Small Enterprises (MSEs) Order,2012, (here in after referred to as the said Order),for the figures and word "20 per cent", wherever they occur, the figures and word "25 per cent" shall be substituted.”

Special provision for Micro and Small Enterprise owned by women. Out of the total annual procurement from Micro and Small Enterprises,3 per cent from within the 25 per cent target shall be earmarked for procurement from Micro and Small Enterprises owned by women, the official notification added.

The three announcements made by PM Modi were related to public procurement aiming towards boosting the local industries.

He had announced that the Public sector companies, which were mandated to source 20% of their annual procurement from MSMEs, will now source at least a quarter of their requirement (25%) from the sector.

Further, out of the 25% procurement mandated from MSMEs, 3% was reserved for women entrepreneurs, he had announced.

Also, all central public sector enterprises were asked to take membership of the Government e-Marketplace (GeM) to facilitate online procurement of common use goods and services by various government departments and organizations.

In order to aggregate products and services of MSMEs, a drive was initiated to put them on the GeM, where they can be purchased online by ministries, PSUs and autonomous bodies. (KNN Bureau)

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