Grants supporting families to combat Covid-19
With Covid-19 (Coronavirus) turning into a global pandemic, the Singapore government has put aside a $48 billion resilience budget to support Singaporeans and businesses in this tough period.
Continue reading to find out more information about the latest grants supporting families!
1 - Enhanced Care & Support Package - For individuals
The Enhanced Care & Support Package has been designed to help families and also individuals. Each eligible citizen will receive – SGD $300, $600, or $900 (depending on their income). Parents with at least one Singaporean child aged 20 & below in 2020, will also receive an additional SGD $300 in cash.
In addition, they will also receive the following:
- All Singaporeans aged 50 and above in 2020 will receive SGD $100 PAssion Card top-up in cash
- Singaporeans living in 1 room and 2 room HDB flats will receive SGD $300 in Grocery Vouchers and SGD $100 in 2021
- If you have received Workfare payments for work done in 2019, you will also get SGD $3,000 in cash.
Eligible Singaporeans will receive the payout directly in their designated bank account, together with their Care and Support – cash payout.
2 - Greater Flexibility on Government Fees and Loans - For individuals
To help graduates who are worried about having to pay off their student loans while they try to find a job during this period, all student loan repayments and interest charges have been suspended for 1 year – from 1 June 2020 to 31 May 2021. This applies to graduates of autonomous universities and polytechnics.
They have also added a 3-month suspension of late payment charges on HDB mortgage arrears. DDB will continue to provide assistance through existing measures such as deferring payment of loan installments for 6 months.