Section 11 of MSMED Act, 2006: Procurement preference policy

 The Micro, Small and Medium Enterprises Development Act, 2006

Chapter-IV Measures for Promotion, Development and Enhancement of Competitiveness of Micro, Small and Medium Enterprises

Section 11: Procurement preference policy.

11. For facilitating promotion and development of micro and small enterprises, the Central Government or the State Government may, by order notify from time to time, preference policies in respect of procurement of goods and services, produced and provided by micro and small enterprises, by its Ministries or departments, as the case may be, or its aided institutions and public sector enterprises.


 


Access complete Bare Act here and Notification and Circular here.

IBC Laws specifically does not make any warranties or representations as to the accuracy, completeness or adequacy of any such Material or the same being up-to-date. IBC Laws periodically updates the Material on this Site whenever amendments are made by Parliament. Refer disclaimer here.