The Ministry of Small and Medium Enterprise launched the MSME-SAMBANDH portal in 2017 pertaining to which one of the following?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → To monitor the procurement by central government ministries, departments and central public sector enterprise.
Under the Public Procurement Policy for Micro and Small Enterprises, central ministries, departments and central public sector enterprises must buy a fixed share of their annual purchases (now at least 25%) from micro and small enterprises. The MSME SAMBANDH portal, launched in December 2017 by the Ministry of Micro, Small and Medium Enterprises, tracks how much each of them buys from these enterprises, so that the policy can be monitored.