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Goa notifies preferential purchase scheme for MSMEs

Updated: Jul 02, 2022 08:46:39am

Goa notifies preferential purchase scheme for MSMEs

Panaji, July 2 (KNN) The government of Goa on Friday announced a five-year preferential purchase scheme for micro and small industries.

Through this scheme units that are eligible will be given special treatment in all purchase made by government departments, autonomous bodies, corporations and semi-government departments.


"Micro and Small enterprises shall be allowed to match to lowest tender price floated by non-small scale units provided its quoted prices is within 15% of lowest quoted price floated by non-micro and small enterprises"

Manufacturing units and service sector MSMEs situated in Goa and registered with the directorate of industries, trade and commerce are only eligible to avail the scheme. 

Titled as the ‘Preferential Purchase Incentives for Micro and Small Enterprises Scheme, 2022’  the scheme will take the place of a similar scheme introduced in 2008 and later lapsed in March 2021. 

“Priority in payment shall be ensured to micro and small enterprises and the payment shall be effected by the department concerned to the unit within 60 days of submission of final invoice by the unit on delivery of goods or completion of tendered work, failing which, the department shall be liable to pay an interest at the rate of 0.75% per month,” said the government notification.

Demanding an additional three year extension of the scheme introduced in 2008, the Goa Chamber of Commerce and Industry (GCCI) had sent in the recommendation in a letter to the government.

The details of the scheme are available at https://www.goa.gov.in/wp-content/uploads/2019/10/preferential-purchase-incentive-for-micro-and-SSE-scheme.pdf 

(KNN Bureau)


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