5 exceptional measures to assist self-employed and SME

The Ministry of Finance, Economic Planning and Development has announced 5 exceptional measures to provide additional support to Small and Medium Enterprises (SME) and self-employed individuals.

1. The Self-Employed One-Off Grant Scheme –An exceptional grant of Rs 10,000 to all self-employed individuals. This financial support will benefit more than 200,000 persons.
2. The SME Interest-Free Loan Scheme – SMEs can obtain an interest-free loan of Rs 100,000 accompanied by a 5-year moratorium from the Development Bank of Mauritius (DBM).
3. The Rs 1 Million SME COVID19 Special Support Scheme – SMEs can obtain an unsecured loan of up to Rs 1 million with an interest rate of 0.5% and a one-year moratorium on repayment of capital and interest from the DBM.
4. The period of VAT payment due on 31 March 2021 has been extended to 15 July 2021 for SMEs.
5. The DBM One-Year Moratorium Scheme is a one-year moratorium for the payment of capital and interest for all existing loans contracted with the DBM.

Click here for the official communique from the Ministry of Finance, Economic Planning and Development.