OTTAWA, The Trudeau government has allocated $ 306 million $ extra to give a boost to aboriginal business.
This is what announced on Saturday that the prime minister Justin Trudeau during his press conference daily.
He said that the envelope will allow these companies to obtain “short-term loans interest-free and non-repayable contributions on the part of aboriginal financial institutions”.
Some 6,000 companies and cooperatives are covered by this measure which will enable them to get through the crisis.
The financial assistance will be managed by the national Association of aboriginal capital corporations and the companies métis funding in partnership with Aboriginal Services Canada.
“These targeted measures will help businesses in First Nations, Inuit and Métis people to have easier access to funding that will enable them to stay solid. Thus, these companies will be able to continue their growth and to thrive when the crisis will last for us”, stressed in a press release the minister of Finance, Bill Morneau.