The Ministry of Finance has introduced the 'Vivad Se Vishwas I' scheme to provide relief to MSMEs facing difficulties due to the COVID-19 pandemic. The scheme applies to contracts for goods and services where the original delivery period was between February 19, 2020, and March 31, 2022. Eligible MSMEs can receive a 95% refund of forfeited performance security, bid security, and liquidated damages. Additionally, debarment orders issued due to default in contract execution during this period will be revoked. Implementation of the scheme will be facilitated through the Government e-Marketplace (GeM) portal.

The Ministry of Finance has introduced the 'Vivad Se Vishwas I' scheme to provide relief to MSMEs facing difficulties due to the COVID-19 pandemic. The scheme applies to contracts for goods and services where the original delivery period was between February 19, 2020, and March 31, 2022. Eligible MSMEs can receive a 95% refund of forfeited performance security, bid security, and liquidated damages. Additionally, debarment orders issued due to default in contract execution during this period will be revoked. Implementation of the scheme will be facilitated through the Government e-Marketplace (GeM) portal.