The government has enhanced support levels for the EDG and PSG. As of 1 April, they will be raised to 80%, up from 70% before. The scope of PSG will be expanded to include systems and tools to help SMEs implement safe distancing and business continuity plans.

“There are significant cost savings in the enhanced packages, and surviving companies who are already thinking about undertaking such projects will welcome it dearly”, said Finaxar’s CEO and co-founder, Vihang Patel. 

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As published on: The Business Times

Finaxar also offers business loans at attractive rates to help local SMEs bridge short term working capital gaps due to Covid-19.