QDB extends applying time for National Guarantee Program from Covid-19 hit firms

Doha: Qatar Development Bank (QDB) has extended the time period of receiving applications for the National Guarantee Program until June 15, 2021, noting that it will continue to manage and supervise this program by providing guarantees to local banks to grant loans to private sector companies affected by Coronavirus (COVID-19), in cooperation with the Ministry of Finance and Qatar Central Bank and all banks operating in the country.

The program aims at providing financing grants to cover salaries and rents for companies affected by the Coronavirus pandemic in the private sector.

QDB has issued a guide for this program to cover the educational aspect of the pandemic response strategy.

Through this program and updates, QDB aspires to continue its support to Qatari private sector and Qatari entrepreneurs in the best possible way, which will provide them with sufficient flexibility to achieve more growth, development and prosperity. (QNA)