3.4 million small biz workers to get up to P8k

Photo courtesy of Pinoy Negosyo

Small businesses can now apply for financial aid of PhP5,000 to PhP8,000 for their workers who are affected by the quarantine due to COVID-19.

“We are inviting small businesses to apply to the program for their workers,” Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) spokesperson Karlo Nograles said in a virtual briefing this morning.

The Small Business Wage Subsidy Program (SBWSP) of the government will assist 3.4 million workers of small businesses nationwide.

“For the duration of two months, a worker can get PhP5,000 to PhP8,000 a month,” Nograles said.

The Department of Finance reported to IATF that 124,606 small businesses have pre-qualified for the program.

The government allocated PhP51 billion for the subsidy program.

How to apply
Nograles explained that small business employers or owners should apply for the benefit on behalf of their employees using their My.SSS account.

The following workers are qualified to receive financial assistance under the SBWS:

  • Workers employed by small businesses regardless of their contract status, whether regular, probationary, regular seasonal, project-based, o fixed-term;
  • Workers who are active employees until March 1, 2020, but have not received their salaries for two weeks or more because of temporary closures;
  • Workers who have a certification from their employer that they fit the criteria set by the government.

“Para malaman po ng isang employer kung pre-qualified sya, pwede pong pumunta sa BIR website at i-click ang SBWS icon. Pag kayo naman po ay qualified, pumunta lang po kayo sa SSS website para mag-apply at gamitin nyo ang inyong My.SSS accounts,” Nograles said.

The application period for the SBWS is until April 30.

The distribution of the first tranche will be from May 1 to 15.

The second tranche may be released between May 16 to 31 depending on the ECQ.

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