5 days ago
MSE procurement targets surpassed in previous fiscal
New Delhi:
Central ministries
exceeded the target of buying goods and services from
micro and small enterprises
(MSEs) by over 94% in FY25.
The ministries that had a minimum
MSE procurement
target of ₹100 crore bought goods and services worth ₹92,675 crore from these enterprises in the last fiscal, against a target of ₹47,676.88 crore, according to data from the
MSME ministry
's Sambandh portal.
These ministries had procured ₹73,800 crore worth of goods and services from MSEs in FY24.
by Taboola
by Taboola
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The petroleum & natural gas ministry led the group in procurement value, followed by the defence ministry and the power ministry. However, the finance ministry, the health & family welfare ministry and the department of space fell short of their
procurement targets
by huge margins, achieving only 58%, 19.60% and 2.30%, respectively, of their procurement targets.
The petroleum & natural gas ministry's procurement stood at ₹31,304 crore, the defence ministry's was at ₹13,039 crore and the power ministry procured ₹11,584 crore worth of goods and services from MSEs in last fiscal.
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In percentage terms, though, the shipping ministry was the top performer, exceeding its procurement target from MSEs by 300%. It was followed by the ministries of petroleum & natural gas and civil aviation, which exceeded their targets by 173% and 148%, respectively.
