ENA MSME 2023-02-01 06:28:00 <p><span style="font-size:14px"><strong>New Delhi, Feb 1 (KNN)</strong> In event of contract failure during covid-19 by Micro, Small and Medium Enterprises (MSMEs), the government will return 95 per cent of forfeited amount to the enterprises.</span></p> <p><span style="font-size:14px">This was announced by the Union Finance Minister Nirmala Sitharaman on Wednesday as part of the union budget speech.</span></p> <p><span style="font-size:14px">For settling contractual dispute, a voluntary settlement scheme will be used.</span></p> <p><span style="font-size:14px">She further announced that scope of services in digital locker will be expanded.</span></p> <p><span style="font-size:14px">A separate digital locker for MSMEs and charitable trust will be introduced.</span></p> <p><span style="font-size:14px">Rs 10,000 crore per year to be invested on Urban Infra Development fund, announced the FM. <em><strong>(KNN Bureau)</strong></em></span></p> <p><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></p> 32138 https://knnindia.co.in/news/newsdetails/msme/govt-assures-95-forfeited-amount-to-msmes-in-case-of-failure-during-covid 2023-02-01 06:28:00 knnindia.co.in