Israel Announces NIS 2 Billion Coronavirus Aid Plan For Business Owners

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Israeli Prime Minister Benjamin Netanyahu and Finance Minister Israel Katz announced on Monday a NIS 2 billion ($580 million) plan for self-employed workers and business owners to help with their recovery during the coronavirus pandemic.

The plan includes special grants of up to NIS 400,000 ($116,000) for businesses whose turnover is up to NIS 20 million ($5.8 million) a year, who lost at least 60 percent of their gross revenue in May-June, the ministers said in a statement.

It was also decided that businesses with a turnover of up to NIS 100 million, who have lost at least 80 percent of their gross revenue during May-June, will receive the same compensation.

Read more at i24NEWS.



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