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Question

What benefits are being offered to eligible MSMEs under the scheme;Vivad se Vishwas I – Relief to MSMEs?

A Refund of 40% of the performance security forfeited Correct Answer Incorrect Answer
B Refund of 70% of the bid security Correct Answer Incorrect Answer
C Refund of 50% of the liquidated damages deducted Correct Answer Incorrect Answer
D Refund of 95% of the risk purchase amount realized Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The Department of Expenditure, Ministry of Finance, has launched the scheme, “Vivad se Vishwas I – Relief to MSMEs” for providing relief to Micro, Small and Medium Enterprises (MSMEs) for COVID-19 period. The scheme was announced in the Union Budget 2023-24 by Union Finance Minister Smt. Nirmala Sitharaman.  

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