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Lockdown payments reached only half applicants
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Minister tells businesses it is important to register
Article by February 11, 2021
If Minister of Energy, Small Business and Entrepreneurship Kerrie Symmonds gets his way, all businesses operating in Barbados would at least be registered with the National Insurance Scheme (NIS) and pay contributions.
Symmonds said it was necessary that organizations become regularised with the insurance scheme, especially since this would make it easier for them to receive assistance from government.
“There has to be a way of making sure there are standards. There has to be a way of making sure that people are part of the system and that the system is able to relate to people who are operating.
Government has started to roll out the financial assistance promised to small business owners during the two-week lockdown. But it may take a longer for some vendors without bank accounts to receive their money. Late last month Minister of Small Business and Entrepreneurship Kerrie Symmonds announced that shopkeepers could qualify for $750 a week for two weeks and vendors $250 a week for that same period since they are barred …
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