MVR 5.8 million in income support disbursed to 1,450 applicants

Finance Minister Ibrahim Ameer, on Saturday, announced the government has disbursed MVR 5.8 million in income support allowance, an allowance introduced as a component of the government’s economic relief package.

The income support allowance was introduced to provide financial support to the people whose livelihoods have been affected by the coronavirus pandemic so they are able to meet their essential needs.

The allowance is disbursed through the National Social Protection Agency (NSPA).

Ameer wrote on Twitter on Saturday evening that the government has now disbursed a total of MVR 5.8 million in income support allowance to 1,450 applicants.

The government began disbursing income support allowance on May 20.

People who have been laid off, suspended, forced to accept no-pay leave, or forced to accept pay cuts, and self-employed workers who have had their earnings affected from March 1, 2020 are eligible for the allowance.

The MVR 5,000 allowance will be awarded for three months; April, May and June.

Applications must be submitted to the JobCenter.

According to the guideline on disbursement of income support allowance, anyone who was employed either on permanent or non-permanent basis by March 1, 2020, regardless of whether or not the person had an employment contract is eligible for the allowance. This includes those on probation, and non-permanent employment positions must be their sole source of income.

Those who have been laid off or put on no-pay leave will receive the full MVR 5,000 income support allowance.

Meanwhile, those who have pay cuts will be eligible for the allowance if their reduced pay is lower than MVR 5,000, and even if they reduced pay is lower than MVR 5,000, they will not be eligible the full allowance, but the difference.

Similarly, if the applicant has an additional income source and if that additional income source is lower than MVR 5,000 per month, the applicant will not be eligible for the full allowance, but the difference.

And if the additional income source exceeds MVR 5,000 per month, the applicant will not be eligible for the income support allowance.

Self-employed individuals are also eligible for the allowance.

According to the policy, self-employed individuals who have not received an income or whose income has been adversely affected after March 1, 2020 due to the COVID-19 pandemic are eligible for the allowance.

Those who have not received an income are eligible for the full MVR 5,000.

Meanwhile, those adversely affected are eligible for the allowance if their reduced income is lower than MVR 5,000, and even if they reduced income is lower than MVR 5,000, they will not be eligible the full allowance, but the difference.

Similarly, if the self-employed individual in question has an additional income source and if that additional income source is lower than MVR 5,000 per month, he/she will not be eligible for the full allowance, but the difference.

And if the additional income source exceeds MVR 5,000 per month, the self-employed individual will not be eligible for the income support allowance.

Only Maldivian nationals between the ages of 18 years to 65 years who were locally employed at least up until March 1, 2020 are eligible for the allowance.