The government has issued over MVR 300 million as income support allowance for those affected by the Covid-19 pandemic.
According to the Ministry of Finance, a total of MVR 318.8 million as income support allowance was disbursed to 19,741 individuals thus far.
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.