Haryana finance minister Abhimanyu. Haryana finance minister Abhimanyu.

Haryana Government has formulated a public procurement policy for Micro, Small and Medium Enterprises (MSMEs), state Finance Minister Abhimanyu said on Sunday.

He said that the policy would help promote MSMEs by improving their market access and competitiveness through increased participation.

Referring to the different benefits and concessions proposed in the policy, Abhimanyu said that tender fee would be nil in purchase case value up to Rs 10 lakh and between Rs 10 lakh and Rs 30 lakh, and above Rs 30 lakh, an official release quoting him said.

However, this exemption would be provided only to those manufacturing MSMEs, including Khadi and village industries or units, which had filed Entrepreneur Memorandum in the State.

Similarly, earnest money deposit, which was earlier 2 per cent of tender value, has also been eliminated.

Listing the other concessions, the Minister said that 90 per cent concession would be given on performance security as applicable to other Haryana-based firms.

Apart from this, exemption would be given on past performance and experience for MSMEs, including Khadi and village industries or units, which had filed Entrepreneur Memorandum in the State.

This would also applicable on those who have quality certification of ISI, ISO, Agmark or Quality Mark issued from competent authority in the State or Central Government.

Besides, the purchase preference would be 50 per cent of the total tendered quantity.

The Micro Enterprises concession would be of 80 per cent on turnover and in case of Small Enterprises, it would be 70 per cent on turnover.

He said that incentives have also been proposed for new vendors (only medium enterprises) in the areas of past performance and experience concession and purchase preference.

In addition, benefits for Haryana billing firms would be applicable in the area of price performance to Haryana billing firms, and in the area of performance security overall for all firms or enterprises other than MSEs.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest India News, download Indian Express App.