Benefits for SMEs and sole proprietors, etc.

A system is provided to provide cash of up to 2 million yen to small and medium-sized companies affected by the new coronavirus. The government also plans to start payments next month, even if sales decline significantly by December.

The emergency economic measures decided by the government on the 7th include a new system to provide non-repayable benefits to SMEs and sole proprietors.

In this case, sales must be reduced by more than half from January to December, compared to the same month last year, and benefits will be received even if sales decrease in the future.

The amount of payment is determined by the calculation method according to the decrease in sales, and up to 1,000,000 yen for sole proprietors including freelancers, and up to 2,000,000 yen for small businesses and small businesses.

The Ministry of Economy, Trade and Industry estimates that there are about 1.3 million applications, and in order to avoid congestion at the counter, a new secretariat has been set up and, in principle, adjustments have been made to have applications submitted via the Internet.

The government has been preparing for a supplementary budget that incorporates this measure, and hastened to prepare for the benefits as early as next month.