UAE's loan deferment scheme benefits over 320,000 residents, businesses | ZAWYA MENA Edition
About 310,000 individuals have benefited from the UAE’s loan deferment initiative since the onset of the coronavirus pandemic, according to the latest statistics.
The number of small and medium-sized enterprises (SMEs) and other companies in the private sector who have sought financial relief has also reached at least 11,500.
The latest data were mentioned in a report on the Targeted Economic Support Scheme (TESS) during a regular meeting of the board of directors of the UAE Central Bank, state news agency WAM said late Monday.
In March, the central bank introduced the support scheme as it unveiled a stimulus package worth 100 billion UAE dirhams ($27.2bln) to help businesses and individuals affected by the coronavirus pandemic.
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