Attorney General and Minister for Economy, Aiyaz Sayed-Khaiyum has confirmed that they have received more than 9,000 applications on the Micro Small Medium Business concessional loan funding.
Sayed-Khaiyum highlighted this at the Post 2020-2021 Budget Forum Question and Answer Session organized by the Fiji-Australia Business Council and the Fiji-New Zealand Business Council.
He says that a total of $60 million has been allocated for these loans, where $30 million has been allocated in this financial year and another $30 million in the 2020-2021 National Budget.
Sayed-Khaiyum says they are providing up to $7,000 for the existing and new micro-enterprises applications and up to $14,000 to $21,000 for existing small and medium enterprises.
He says in the 2020-2021 budget they have allocated $100 million for unemployment benefit.
Sayed-Khaiyum says from this, $5 million will be for re-training and re-skilling people.
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