Bizap announcement 1
Druk Holding and Investments Limited (DHI)
In line with His Majesty the King's Royal address to the Nation on 10 April 2020, the subsequent monetary relief measures issued by the Royal Government of Bhutan and the Royal Monetary Authority of Bhutan (RMA) in response to COVID-19, DHI is hereby providing the following relief measures for the DHI Business Acceleration Fund recipients/ entrepreneurs:
1) Deferment of fund repayment
- The deferment of fund (principal and administration fee) repayment shall be provided for a period of three months (April to June 2020) to all the entrepreneurs/recipients that have received financing from the DHI Business Acceleration Fund.
- If repayments are made by Entrepreneurs during the deferment period, the entire amount will go towards reduction of the financing amount.
2) No penalty/late fee shall be charged during the deferment period (April to June 2020).
3) Waiver of Administration Fee: No administration fee shall be charged during the deferment period (April to June 2020).
The waiver and deferrals are being considered only for DHI BizAP Cohort 1 fund recipients at the moment as the repayment starts by the end of April 2020. DHI BizAP Cohort 2 and 3 fund recipients are presently in the gestation period.
For more information and clarification, please write to firstname.lastname@example.org.