Railways to Promote Small Entrepreneurs

Indian Railways has taken a big step in a plan to promote micro and small enterprises.

  • It has reserved 358 items including cleaning apparatus, stationery and leather items exclusively for procurement from the MSE sector
  • Besides, the sector has been exempted from paying tender cost and earnest money deposit for participating in the railway tender.
  • MSEs will be now encouraged to participate in the business of maintenance and operation of rolling stock and also in procurement of cables, linen, paints, wall paneling, cutting and drilling machines.
  • Recently the national transporter has organized a meeting to increase the participation of micro and small enterprises in railway procurement. The meeting was attended by Railway Minister and senior officials from the ministry and the Small Industries Development Bank of India (SIDBI) besides MSE vendors.

The Research Designs and Standards Organization (RDSO), the research wing of the Railways, was advised to extend its support to MSE vendors on technical issues and SIDBI was advised to provide financial support to MSEs.

Source : The Hindu

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