NDTVDec 28, 2021Public procurement: Is it time for govt to enhance CPSEs’ target of procuring 25% from MSME?Ease of Doing Business for MSMEs: Central ministries, departments, and public sector enterprises (CPSEs) have gone all out to purchase their targeted share of goods from micro and small enterprises (MSEs), at least in the past few years.That’s what it seems going by the government data.Here’s a quick backgrounder leading to that: Till 2018, the target for government units to procure from MSEs was 20 per cent of their overall annual purchase.Importantly, during the FY15-FY17 period, the government ministries, enterprises, and departments failed miserably in achieving that target – 11.6 per cent in FY15, 4.5 per cent in FY16, and 10.3 per cent in FY17, analysis of official data from the MSME Ministry revealed.Read more at NDTV
Ease of Doing Business for MSMEs: Central ministries, departments, and public sector enterprises (CPSEs) have gone all out to purchase their targeted share of goods from micro and small enterprises (MSEs), at least in the past few years.That’s what it seems going by the government data.Here’s a quick backgrounder leading to that: Till 2018, the target for government units to procure from MSEs was 20 per cent of their overall annual purchase.Importantly, during the FY15-FY17 period, the government ministries, enterprises, and departments failed miserably in achieving that target – 11.6 per cent in FY15, 4.5 per cent in FY16, and 10.3 per cent in FY17, analysis of official data from the MSME Ministry revealed.Read more at NDTV
