Government of India has recently approved a proposal which will force Government departments and PSU to purchase 20% of their entire purchase from Micro & Small enterprises (MSE). The politician has also done little bit of politics here also by keeping some reservation for buying 20% out of the 20% from MSE owned by SC/ST entrepreneur. These category of Buyer for whom it is going to be compulsory in a phases manner in next three years will have to make plan in the beginning of the year and if they failed to adhere to these requirements they will have to give reason for not buying from MSE sector. Thanks God it has not been extended at this stage for the Private sector. It will definitely be a big boost to this MSE sector that is playing a critical role for the Growth of the Indian Economy.
This will help the country grow by MSE and ultimately will help the Economy
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