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[Travel News]: COVID-19: NT$3.8bn disbursed by travel relief fund, agency says

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The following is the [Travel News]: COVID-19: NT$3.8bn disbursed by travel relief fund, agency says from [Taipei Times] recommended by TheTourAttraction.com:

The government introduced a relief fund for the tourism industry following a meeting with representatives of business associations on May 14.

The government has distributed more than NT$3.8 billion (US$135.36 million) in relief funds to travel agencies and hotel operators since the Central Epidemic Command Center in the middle of May raised the nationwide COVID-19 alert to level 3, the Tourism Bureau said yesterday.

The government introduced a relief fund for the tourism industry following a meeting with representatives of business associations on May 14, the bureau said.

Premier Su Tseng-chang (蘇貞昌) instructed government agencies to quickly distribute funds to businesses affected by the tightened disease prevention measures, it added.

As of Monday, 2,253 travel agencies had applied for emergency funds to cover salaries and business losses, the bureau said.

In addition to providing relief funding, the bureau revised financing rules for firms in the industry, including raising the credit line for hoteliers, travel agencies and amusement park operators to NT$50 million.

Bed-and-breakfast operators would be eligible for up to NT$20 million in funding loans and up to NT$10 million in small-scale loans, in addition to a one-year subsidy on interest incurred from working fund loans, the bureau said.

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