Proposal to extend support for private sector to be presented today

An urgent proposal to extend government support for the private sector for three more months will be presented today.

The parliamentary proposal, which is being spearheaded by MP Dr Abdulla Al Thawadi, aims to help individuals and businesses as uncertainty surrounding the Covid-19 pandemic continues.

The government is currently paying wages for private sector employees along with bus and taxi drivers and kindergarten teachers for April, May and June.

It has also exempted everyone from paying electricity and water bills and waived municipal, tourism and labour fees for the same period.

All rents of government property for the three months have also been dropped.

Grants worth between BD1,050 and BD12,000 for affected businesses have also been distributed through Tamkeen.

While others were given low interest loans under the Liquidity Fund, which has been doubled from BD100m to BD200m.

Bank loan installments for Bahrainis have also been deferred for six months.

This is all part of the BD4.3 billion government support package to offset the impact of the pandemic.

For the full story read tomorrow's GDN.

 

 

Source: http://www.gdnonline.com/Details/824703/Proposal-to-extend-support-for-private-sector-to-be-presented-today

 

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