Finance Ministry asks depts, CPSEs to refund 95% of performance/bid security forfeited from MSMEs till March 2022
All contractors or suppliers registered as micro, small and medium enterprises (MSME) with the Ministry of MSME as on March 31, 2022, would be eligible to claim a refund of the forfeited amount for contracts which had an original delivery or completion period between February 19, 2020, and March 31, 2022.