Preferential Purchase Incentives for Micro and Small Enterprises Scheme

Preferential Purchase Incentives for Micro and Small Enterprises Scheme

The “Preferential Purchase Incentives for Micro and Small Enterprises Scheme” serves as a vital initiative to enhance the Micro and Small Scale Enterprise sector in Goa. This scheme provides essential benefits such as price matching, reduced costs for tender documents, and priority in payments for eligible enterprises.

Overview of the Scheme

Initiated in 2008 by the Directorate of Industry, Trade & Commerce, Government of Goa, the “Preferential Purchase Incentives for Micro and Small Enterprises Scheme” aims to support the growth and sustainability of Micro and Small Enterprises (MSEs). By offering preferential treatment in government tenders, this scheme seeks to bolster the local economy and foster entrepreneurship. The program is implemented across various government departments, autonomous bodies, corporations, and semi-government organizations in Goa. Key objectives include ensuring adherence to quality standards, providing financial incentives, and promoting the overall development of MSEs.

Benefits of the Scheme

• Micro and Small Enterprises have the opportunity to match the lowest tender price set by non-Small Scale Units if their quoted price is within 15% of that price.
• In scenarios where multiple MSEs are within this price range, preference will be given to the lowest bidder.
• For contracts related to the installation and commissioning of machinery, a pro-rata percentage will be provided to MSEs for qualifying to match the lowest quoted price.
• Compliance with state government quality standards is necessary for MSEs to avail of these benefits.
• The scheme extends to the purchase of computer hardware and electronic items, excluding purchases made by the Education Department.
• Tender documents will be available for MSEs at a nominal fee of ₹200.
• The earnest money deposit required will not exceed ₹500, with no additional security deposit necessary.
• Priority in payment is guaranteed, with the concerned department required to process payments within 60 days of delivery or completion of services; failure to do so will incur interest charges at 0.75% per month.

Eligibility Criteria

• The scheme is applicable exclusively to Micro and Small Scale Enterprises.
• The enterprise must maintain an annual turnover of ₹6,00,00,000 or less for the preceding three financial years.
• It is mandatory for the enterprise to be permanently registered or recognized with Entrepreneurs Memorandum II by the Directorate of Industries, Trade and Commerce.

Application Process

Apply Offline

1. Tender Participation: Engage in tenders issued by various Government Departments, Autonomous Bodies, Corporations, or Semi-Government Departments. Tender documents can be obtained for a maximum fee of ₹200.
2. Earnest Money Deposit & Compliance: Submit the required earnest money, capped at ₹500, as stipulated in the tender guidelines. Ensure that your enterprise meets the necessary quality standards set by the state government department.
3. Match the Lowest Tender Price: If your quoted price is within 15% of the lowest tender price from Non-Micro and Small Enterprises, you will be permitted to match that price. For contractual tenders, you can qualify for a pro-rata percentage above the lowest bid.

It is critical to ensure that your enterprise receives priority in payment, which should be made within 60 days following the delivery of goods or completion of the contracted work. Should there be a delay in payment, the concerned department will be obligated to pay interest at a rate of 0.75% per month.

Official Source

For more information, visit the official site: myScheme.gov.in