Vivad se Vishwas: Govt settles over 43k MSME claims; refunds Rs 700 cr

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.