1,103 MSME claims pending under Vivad Se Vishwas dispute resolution scheme; this many units supporte

The government’s Vivad Se Vishwas I – Relief for MSMEs scheme announced by Finance Minister Nirmala Sitharaman in this year’s budget to settle pending disputes related to government contracts has provided relief to 137 enterprises as of June 1, said Pankaj Chaudhary, Minister of State in the Finance Ministry in a written reply to a question in the Rajya Sabha on Tuesday. However, claims of 1,103 MSMEs were pending as of June 1, Chaudhary added in his response.

According to the scheme, launched on April 17, MSMEs unable to execute government contracts during the Covid period were allowed a 95 per cent refund of the performance security, 95 per cent of the bid security, 95 per cent of the liquidated damages (LD), and 95 per cent of the risk purchase amount forfeited or deducted.

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