As many as 43,904 refund claims from MSMEs worth Rs 700 crore were settled by the government under the Vivad se Vishwas-I scheme. The scheme allows MSMEs to claim a refund of 95% of performance or bid security and liquidated damages forfeited by government departments and public sector entities during the COVID-19 pandemic.
MSME Claims: The Indian government has accepted over 10,000 claims from micro, small, and medium enterprises (MSMEs) under the Vivad se Vishwas-I scheme, resulting in refunds worth INR 256 crore. The scheme allows MSMEs to claim a refund of 95% of performance or bid security and liquidated damages forfeited during the Covid-19 period. The Ministry of Petroleum and Natural Gas granted the highest relief of INR 116.5 crore.
The Indian government has accepted over 10,000 claims from Micro, Small, and Medium Enterprises (MSMEs) under the dispute resolution scheme Vivad se Vishwas-I. The claims, totaling Rs 256 crore ($34 million), involve refunds for performance or bid security and liquidated damages forfeited by government departments and public sector entities during the COVID-19 period.