Covid-19: MVR 394.4 million issued as income support allowances

The government has issued over MVR 390 million as income support allowances rolled out under the government’s economic relief package introduced in light of the pandemic.

Latest statistics publicized by the Ministry of Finance revealed that the ministry had issued allowances to a total of 21,761 individuals and households affected by the global Covid-19 pandemic, of the 88,218 issued applications.

A total of MVR 394.4 million has been disbursed as income support allowances by April 8.

Introduced under the government’s economic relief package following the impacts of the Covid-19 pandemic, the income support allowance is being issued since 20 May 2020. The goal of the economic relief package was to ensure job continuity for Maldivians, at a time large-scale terminations and wage cuts had taken place.

Although income support was initially to be issued for a three-month period, authorities later decided to continue issuing allowances until the end of 2020.

A monthly income of MVR 5,000 is provided under specific conditions. Those who have been terminated, put on no-pay leave or suspended from their jobs are eligible for the allowance. This includes individuals in probation and temporary positions.

A total of MVR 45,000 is provided under the nine-month allowance, between April - December 2020. It aims to provide financial assistance to those who have had their lives and income affected by the pandemic and are unable to meet essential needs such as settling rent payments and others. Income support will be granted for those aged between 18 and 65 years and employed in the Maldives by 1 December 2019.