Micro small and medium-sized enterprises (MSMEs) are being urged to become formalised to benefit from the Government’s intervention to offset the impact of the novel coronavirus disease (COVID-19).

This, according to the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) MSME Division, will be beneficial to their business operations, even after the threat of COVID-19 recedes.

More than 333,000 Jamaicans have so far successfully applied to the COVID-19 Allocation of Resources for Employees (CARE) Programme.

However, the division pointed out, not all MSMEs will benefit from the Government’s incentives being provided, as they fall outside of the formal economy.

http://www.jamaicaobserver.com/sunday-finance/msmes-to-benefit-from-formalisation_192142