Bahrain: BD40 Million Allotted in First Phase of Business Continuity Program
A budget of BD40 million was allotted to support businesses in the first phase of the Business Continuity Program, said Tamkeen Chief Executive Dr Ebrahim Janahi.
During a press conference held today, Dr. Ebrahim Mohammed Janahi, Chief Executive of Labour Fund ‘Tamkeen’, noted that Tamkeen introduced its Business Continuity Support Program and later expanded its scope from initially supporting small and micro enterprises to include taxicab drivers, public transport and bus drivers, driving instructors and kindergarten and nursery workers, benefiting over 15,600 companies and 900 Bahrainis to date.
The BHD 40 million programme has provided monthly stimulus support to micro and small enterprises ranging from BHD 1,050 to BHD 12,000, over three months.
Dr. Janahi highlighted that from July 2020, the Business Continuity Program has doubled the support it provides to enterprises operating in sectors most adversely affected by COVID-19 and has extended the program for a further 3 months, benefiting over 3,000 enterprises and 296 enterprises retroactively.
Dr. Janahi affirmed that the program extension will support 1,914 saloons, 393 restaurants and cafes, 346 travel offices, 205 gyms, 193 institutions, as well as supplementing the income of 50% of taxicab drivers, public transport and bus drivers, driving instructors and kindergarten and nursery workers.
