Tamkeen to Double Financial Grants to Most Affected Sectors

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The Labour Fund, ‘Tamkeen’ today announced the doubling of its financial grants available to businesses operating in most adversely affected  sectors, and has increased the reach of its Business Continuity Support Program to maximise the number of beneficiaries.

The Business Continuity Support Program will partially cover the operating expenses of small and micro enterprises to help qualifying enterprises ensure their business continuity and better manage their recovery planning during these unprecedented times.

To achieve its goals, Tamkeen has developed an operational plan for the efficient allocation and delivery of funds, with conditions and deadlines set to be announced soon.

READ  Bahrain: BD40 Million Allotted in First Phase of Business Continuity Program

Tamkeen’s Business Continuity Support Program has 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 15,600 companies and 900 Bahrainis to date.

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