MVR 293 Million Disbursed as Income Support Allowance

The government has issued over MVR 292.8 million as income support allowance for those affected by the Covid-19 pandemic.

According to the Ministry of Finance, income support allowance was disbursed to 18,534  individuals by 18th February 2021.

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The income support allowance scheme was introduced by the government in May 2020, as a relief for individuals experiencing financial difficulties as a result of employment issues due to the Covid-19 crisis.

The goal of the financial relief package is to ensure job continuity for Maldivians, as large-scale lay-offs and wage reductions have taken place.

The Covid-19 recovery scheme was introduced by the Finance Ministry in partnership with the SME Development Finance Corporation (SDFC), and implemented via the Covid-19 ‘Viyafaari Ehee’ loan product by SDFC.

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