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(Online Course) Contemporary Issues for IAS Mains 2012: Govt. Plans Programmes & Policies - Micro, Small & Medium Enterprises
Govt. Plans Programmes & Policies
Initiatives Taken to Improve Indian Economy
Question : Micro, Small and Medium Enterprises (MSEs)
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Answer: A Public Procurement Policy for MSEs was notified in March 2012. The policy envisages that every Central Ministry/PSU shall set an annual goal for procurement from the MSE sector with the objective of achieving minimum 20% of the total annual purchases from MSEs in a period of three years. Of this, 4% will be earmarked for procurement from MSEs owned by SC/ST entrepreneurs. Margin money subsidy of Rs.930 crore was disbursed by banks in 2011-12 under the Prime Minister’s Employment Generation Programme (PMEGP). This will facilitate setting up of 47,000 micro enterprises and generate additional employment opportunities for more than 4.2 lakh people.
