What are the main benefits of this scheme?

The scheme offers price matching for tenders, reduced costs for tender documents (max ₹200) and earnest money deposits (max ₹500), no other security deposits, and priority in payments with a 60-day payment guarantee or interest on delay.

Who is eligible to apply for these incentives?

Micro and Small Scale Enterprises permanently registered with the Directorate of Industry, Trade & Commerce, Government of Goa, with an annual turnover not exceeding ₹6 crore for the last three financial years, are eligible.

How does the price matching work?

If your quoted price is within 15% of the lowest price offered by a non-Micro or Small Enterprise, your enterprise will be allowed to match that lowest price, giving you a competitive edge in securing the tender.

What is the application process?

Enterprises must participate in tenders floated by various Goa government departments, depositing the required earnest money and ensuring quality standards. If qualified, they can then match the lowest tender price as per the scheme's guidelines to avail the incentives.

Is there a deadline for applying to this scheme?

No, this is an ongoing scheme launched in 2008, and applications are accepted on a rolling basis as tenders are floated by government departments. There is no fixed application deadline for the scheme itself.

Preferential Purchase Incentives for Micro and Small Enterprises Scheme

The Preferential Purchase Incentives for Micro and Small Enterprises Scheme, launched in 2008 by the Directorate of Industry, Trade & Commerce, Government of Goa, aims to bolster the Micro and Small Scale Enterprise (MSE) sector. It achieves this by offering preferential treatment to registered MSEs in government tenders and purchases. Key benefits include price matching for bids within 15% of the lowest non-MSE price, significantly reduced tender document costs, reduced earnest money deposits, and guaranteed priority in payments with interest for delays. The scheme promotes compliance with quality standards and aims to foster the growth of MSEs by making government procurement more accessible and financially advantageous. It is implemented across various state government departments, autonomous bodies, corporations, and semi-government departments in Goa. This initiative serves as a crucial support mechanism for local businesses, enabling them to compete more effectively against larger enterprises and secure valuable government contracts, thereby contributing to the state's economic development and job creation. By reducing the financial barriers to participation and ensuring timely payments, the Goa government aims to create a more inclusive and supportive environment for its micro and small enterprises.

The scheme provides significant advantages for Micro and Small Enterprises in securing government contracts in Goa. Key benefits include price matching, where an MSE can match the lowest tender price from a non-MSE, provided its initial quote is within 15% of the lowest. For contractual tenders involving installation, pro-rata percentage preference is also granted. Financially, MSEs receive tender documents at a maximum cost of ₹200 (compared to higher rates for others) and are required to deposit a maximum of ₹500 as earnest money, with no other security deposit needed. Furthermore, MSEs are assured priority in payments, with departments required to complete payment within 60 days of delivery or completion of work, failing which they are liable to pay interest at 0.75% per month. These measures collectively reduce the financial burden and risk for MSEs participating in government procurement and enhance their access to government markets.

Preferential Purchase Incentives for Micro and Small Enterprises Scheme

Preferential Purchase Incentives for Micro and Small Enterprises Scheme

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