Matters related to MSMEs

Introduction:

Public Procurement Policy for MSEs Order, 2012 has been notified by Ministry of Micro, Small and Medium Enterprises (M/o MSME) under section 11 of MSMED Act, 2006. The Policy is effective from 1st April 2012 (Gazette notification on 26th March 2012).

The objective of Policy is promotion and development of Micro and Small Enterprises by supporting them in marketing of products produced and services rendered by them. However, the policy rests upon core principle of competitiveness, adhering to sound procurement practices and execution of supplies in accordance with a system which is fair, equitable, transparent, competitive and cost effective.

The entities under MoPNG are following the provisions prescribed under MSE Order, 2012 by M/o MSME