PSUs' buy from small business rose 11% to Rs 41,699 crore in FY21

About 239 of 389 PSUs owned about 1.61 million acres land collectively, the survey showed

Public procurement by public sector undertakings (PSUs) from micro and small enter­prises rose nearly 11 per cent year-on-year (YoY) to Rs 41,699 crore in the fiscal year 2020-21, according to Public Sector Enterprises Survey. 

This has been an increase from Rs 37,680-crore procu­rement made from small businesses in FY20. However, PSUs collectively have barely managed to meet the govern­ment-mandated 25 per cent minimum annual procure­ment from small businesses, according to the Public Sector Enterprises Survey.

In FY21, PSUs made 24.9 per cent of their annual procure­ment from micro and small businesses. Total procurement made by PSUs in FY21 was Rs 1.67 trillion.