The eligibility for the maximum amount of emergency Coronavirus Fund to enterprises hit hard by the pandemic can vary depending on the workforce in factories, said UMFCCI General Secretary U Aye Win, state media reported.
The emergency coronavirus loan aims to ease the economic burden faced by the virus-stricken businesses, and not to expand the business and put capital for businesses. Mainly, the government intends to help the business keep operations and the workers get the salary for at least three months, he continued.
Some bigger businesses employ a smaller number of workers against CMP garment factories. This being so, they are eligible to receive an only smaller amount of loan.