Question
How much percent (%) share of procurement from MSEs out
of total procurement made by Central Government ministries / departments or any PSU?Solution
A target of 25% of annual procurement earmarked for procurement from MSEs(Micro, Small and Medium Scale Entreprises) owned by the SC/ST entrepreneurs. It was mandated from April 2015.
Simplify: 0.75 + 1.25 β 0.40
The fraction equivalent to 0.474747... is:
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