Economics · Public Procurement Policy
Under the Public Procurement Policy for MSEs Order, Central Ministries and Public Sector Undertakings (PSUs) are mandated to procure a minimum percentage of their annual procurement from MSEs. What type of benefit do qualifying MSEs get within a specified price band during tenders?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Direct exemption from all underlying production and GST compliance
- 2An absolute guarantee of winning the contract regardless of their bid price
- 3Price preference and option to supply a portion of the requirement by matching the L1 price✓
- 4Full statutory exemption from participating in competitive bidding
Correct answer
Price preference and option to supply a portion of the requirement by matching the L1 price
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