What is Difference Between Minmum wages of Maharashtra & Neric Basic Rates Approved by Govt Of Maharashtra

bijay_majumdar
Respected Members, While Filing one of the Govt Tenders for one of prospective Client I came Across Above mentioned subject Line "Quote As Per Neric Basic Rates Approved by Govt Of Maharashtra" .
Where in Confusion Arised as what does this mean and what is the difference in Minimum wages & The said specified Term Neric Rate.
Help me to understand the terminology that is exclusively used in tender instead of Min Wages as per Maharashtra Govt.
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