Covid-19: Appeal on Recovery Loan Scheme Applications

Ministry of Finance (MOF) has made the decision to give loans under the Covid-19 recovery loan scheme to the companies that do not fit the criteria, under special guidelines.Previously, the scheme stated that companies letting go off their employees and forcing them to go on no pay, do not fit the criteria. However, the Ministry has now set certain guidelines to help these companies.These companies can send their appeal requests to Bank of Maldives through covidresponse@finance.gov.mv. They can also send their appeal requests to SME Development Finance Corporation through creditdepartment@sdfc.mv.For further information: https://bit.ly/2ZbUGjq