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MSMEs at the brink of closedown:Nand

 

Jul 31, 2021 12:27:53 PM

MSMEs at the brink of closedown:Nand Many micro, small and medium enterprises in the country are at the brink of totally ceasing operation due to their inability to repay loans.

Government member of parliament Joseph Nand said nearly all micro, small and medium enterprises have been affected by this pandemic.

Nand while speaking in Parliament said many are at the brink of totally ceasing operation due to their inability to pay off their loan repayment.

“In an effort to assist these enterprises to sustain themselves, a $200 million cash injection to micro, small and medium enterprises fully subsidised for two years.

“This shows the enormous commitment by government for the resilient recovery of Fijian businesses. It can be accessed through our very own Fiji Development Bank,” he said.

He said this assistance will provide micro, small and medium enterprises with the much-needed boost during this coronavirus pandemic.

By Nacanieli Tuilevuka

 

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Covid-19 Update

 

Last updated 1st December 2021

New Cases


12

Active Cases


153

Recoveries


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Deaths


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