The ministries that had a minimum MSE procurement target of ₹100 crore bought goods and services worth ₹92,675 crore from these enterprises in the last fiscal, against a target of ₹47,676.88 crore, according to data from the MSME ministry‘s Sambandh portal.
These ministries had procured ₹73,800 crore worth of goods and services from MSEs in FY24.
The petroleum & natural gas ministry led the group in procurement value, followed by the defence ministry and the power ministry. However, the finance ministry, the health & family welfare ministry and the department of space fell short of their procurement targets by huge margins, achieving only 58%, 19.60% and 2.30%, respectively, of their procurement targets.
The petroleum & natural gas ministry’s procurement stood at ₹31,304 crore, the defence ministry’s was at ₹13,039 crore and the power ministry procured ₹11,584 crore worth of goods and services from MSEs in last fiscal.
In percentage terms, though, the shipping ministry was the top performer, exceeding its procurement target from MSEs by 300%. It was followed by the ministries of petroleum & natural gas and civil aviation, which exceeded their targets by 173% and 148%, respectively.
Content Source: economictimes.indiatimes.com