07 May 2020 – New emergency fund for self-employed workers

Type of Intervention: Financial and Economic
Sectors Involved: Finance/Economy, Private Sector and Businesses
Level of Jurisdiction: National
Lead People/Agency: General Directorate for Small and Medium-Sized Enterprises

Overview: The General Directorate for Small and Medium-Sized Enterprises has set up a new emergency fund for self-employed workers. €3,000 will be issued to self-employed workers whose gross salary is between 0.5 and 1.5 times the social minimum wage (€2,141.99). Self-employed people who earn between 1.5 and 2 times this amount will receive €3,500 while those who receive between 2 and 2.5 times the minimum social wage will be entitled to €4,000. In contrast to the first aid for the self-employed of €2,500, announced on 8 April 2020, the new aid is also intended for insurance agents and brokers. The aid can be claimed with all other announced aids. These would include the €5,000 subsidies for companies that closed because of the pandemic, €2,500 for the self-employed and from €5,000 to €12,500 for companies experiencing a loss of turnover.
Full details here: https://guichet.public.lu/en/entreprises/financement-aides/coronavirus/aide-independants-supplementaire.html

Type of Justification: No justification given