HM orders emergency loan programme to help businesses
His Majesty Sultan Haitham bin Tarik has issued Royal Orders to adopt an emergency loan programme without interest to help businesses most affected by COVID-19 pandemic.
In a statement, Government Communication Center (GCC) said, ‘In the context of the supreme interest in the repercussions of the COVID-19 pandemic on the economic situation in the sultanate, His Majesty Sultan Haitham bin Tarik has issued supreme orders to adopt an emergency loan programme without interest to help some of the most affected entrepreneurs.’
It added that the help will go to those holding an entrepreneurial card, small and medium enterprises and self-employed as well as the beneficiaries of the loans of the Oman Development Bank and the Al Raffd Fund.
‘This will be done in accordance with the controls and procedures specified by the Supreme Committee,’ the statement said.