The Minister of Finance, Economic Planning and Development, Dr. Renganaden Padayachy announces more financial support to self-employed persons as well as Small and Medium Enterprises (SMEs).
Click to watch video here.
This Governmental initiative aims at providing support to those who have suffered a loss of revenue as a consequence of the lockdown in the fight against Covid-19, to overcome their financial difficulties.
The measures include:
Self-Employed One-Off Grant Scheme
> Purpose
To provide one-off financial assistance to self-employed individuals.
> Eligibility Criteria
All those registered with the MRA under the Self-Employed Assistance Scheme and who are eligible for the allowance under that scheme for the month of March 2021
> Features
Eligible individuals will benefit from a one-off grant of Rs 10,000 each under this scheme.
> Implementing Institution
Mauritius Revenue Authority
Contact
Mrs D. Payen
Tel: 207-6000 Ext 1001
Email: daneedevi.payen@mra.mu
Financial support to SMES
- An SME Interest-Free Loan Scheme of an amount of Rs 100,000 at no interest rate with a moratorium of 5 years. The scheme is eligible for SMEs with a turnover less than Rs 50 Million.
- One Million SME COVID-19 Special Support Scheme. The DBM will grant a loan of up to Rs 1 Million, without the need to provide guarantee, at an interest rate of 0.5%.
- The period for the repayment of Value Added Tax (VAT) has been extended as at date, to 15 July 2021.
- The DBM is granting an extended moratorium period of 1 year to all SMES, on all its existing schemes, as at date.
Business operators are invited to contact the Guichet Unique of the Ministry of Finance, Economic Planning and Development for more information and assistance to submit their application. .
Monday to Friday between 09:00 hrs and 16:00 hrs
HOTLINE: 260 3275 | 260 3276
Email:guichetunique@govmu.org
Video courtesy of GIS Mauritius