Earnest money conditions for MSME


This query is : Resolved 

Quick Summary
This discussion clarifies the earnest money deposit (EMD) facilities available to Micro, Small, and Medium Enterprises (MSMEs) when participating in tenders. It highlights that MSMEs are eligible for EMD exemptions under Rule 170 of the General Financial Rules (GFR), which are the financial regulations governing government spending.

24 February 2022 What are the facilities related to earnest money for tender in case of MSME. I am specifically asking about concessions and facilities for MSME when they are going for a tender.

24 February 2022 According to Rule 170 of GFR, there is an EMD exemption on tenders for MSME business.

24 February 2022 Sir...what is GFR...pls explain.

Regards

25 February 2022 GFR is general financial rules.


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