MSME (Micro-Small, and Medium Enterprises)

MSMEs (Micro-Small and Medium Enterprises) are businesses and organizations whose annual revenue or employee count falls within predetermined thresholds set by the government. They play an important role in any economy, particularly in terms of job creation and economic growth. In procurement, MSMEs are valued suppliers due to their cost-effectiveness, flexibility, and responsiveness. Businesses seeking to make the most of their procurement processes should consider engaging with MSMEs wherever possible.