Budget 2020: Self-help groups to get S$10m grant to support needy families amid virus outbreak
THE Singapore government will provide a S$10 million grant to self-help groups over two years, Deputy Prime Minister and Finance Minister Heng Swee Keat said in his Budget speech on Tuesday.
Such groups have been working closely with the community to help needy families and children, Mr Heng said. The grant will enable them to do more and help more families, he added.
It is part of the comprehensive S$1.6 billion Care and Support Package announced on Tuesday, in view of the spread of the novel coronavirus (Covid-19). The special package is meant to help Singaporeans with their household expenses during this period of uncertainty.
In addition, Community Development Councils (CDCs) will receive S$20 million to help them meet the needs of residents through local initiatives, Mr Heng said.
CDCs have played an important role in strengthening community bonds and helping vulnerable groups. Each CDC has its set of assistance schemes to meet local needs, as well as programmes that allow community members to help those with extra needs.
For more Budget 2020 stories, visit bt.sg/budget20.
SEE ALSO
A NEWSLETTER FOR YOU
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
Daily Debrief: What Happened Today (Apr 22)
Global wave of consultancy layoffs has not hit Singapore
Daily Debrief: What Happened Today (Apr 19)
An economy transformed: Lee Hsien Loong’s 20 years as Singapore’s Prime Minister