Easier_Public_Procurement_Norms


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Easier public procurement norms

Public procurement refers to the process by which governments and state-owned enterprises purchase goods and services from the private sector. Government organisations have significant spending power and can represent a huge market for startups. Recognised startups that are within 5 years of incorporation.

The objective is to make it easier for startups to participate in the public procurement process and allow them to access another potential market for their products.

Government of India has authorized its ministries, departments and public sector undertakings to relax norms in all public procurements. Startups are entitled to avail exemption on:

Prior Turnover
Prior Experience
Earnest Money Deposit

DPIIT recognized startups can now get listed as sellers on the Government of India's largest e-procurement portal: Government e-Marketplace.

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