Turkey : What is the basic need support? Who can apply for basic need support?

One of the remarkable news of the day came from the Minister of Treasury and Finance Albayrak. Minister Albayrak announced that citizens will be provided with basic need support for 3 months. While Halkbank, Ziraat Bank and Vakıfbank can support a maximum of 10 thousand liras, they will be offered 6 months of grace and 36 months of maturity. So how do you apply for basic need support? Who can apply and what are the application requirements?

BASIC NEEDS SUPPORT

Treasury and Finance Minister Albayrak made statements from his social media account. Calling all companies, Albayrak used the following statements;

* Within the scope of the Economic Stability Shield, we will provide 3-month salary support to our citizens working in businesses that reduce or stop their activities with the Short Work Allowance.

* We call all companies to apply for this allowance instead of ‘free leave’ for their employees.

As part of the Economic Stability Shield steps, we continue to support the needs of our citizens with all our institutions.

In this context, we have launched the Basic Needs Support for all our citizens who have a monthly income of less than 5 thousand TL with our public banks.

MAXIMUM 10 THOUSAND LIRAL SUPPORT

Ziraat Bank, Halkbank and Vakıfbank are launching a new loan application for their retail customers, whose income is less than 5,000 TL per month.

Ziraat Bank, Halkbank and Vakıfbank, household income of 5,000 TL / month and below, in line with the “Economic Stability Shield” measures implemented with the aim of minimizing the possible damages related to economic life, production and employment of the COVID-19 epidemic, which is experienced globally and also affects our country. is launching a new loan application to financially support customers in the individual segment. Ziraat Bank, Halkbank and Vakıfbank made a joint statement on the subject.

The statement provided the following information:

“Our Individual Segment Customers will be able to use up to 10,000, -TL, 6-month grace period, up to 36-month term, Monthly Equal Installment, Loan in order to finance their basic needs under appropriate conditions. Our customers will also be offered the opportunity to benefit from this loan with the guarantee of the Credit Guarantee Fund. Individual Needs Support Loan will be evaluated by our banks with common criteria. Customers can only apply to one of Ziraat Bank, Halkbank or Vakıfbank. Applications will be accepted starting April 01.

What are the application conditions for the Short Work allowance? How much is the 2020 Short-Term Work Allowance?What are the application conditions for the Short Work allowance? How much is the 2020 Short-Term Work Allowance?