THE Committee on Remedial Actions on Potential Economic Impacts of COVID-19 provided one-year loans to businesses affected by the pandemic, starting in April 2020, at an interest rate of one per cent.

After the initial one-year loan period, extensions were granted: first for six months, then for another six months, and finally for one year, totalling a three-year term.

Now that the three-year term has ended, companies and businesses in the Nay Pyi Taw Council Area and various states and regions obligated to repay loans from the COVID-19 fund must repay the loan principal and interest by 1 July 2024.

Committee on Remedial Actions on Potential

Economic Impacts of COVID-19

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