The Premier of Tasmania has come out with an offer of $2 million in no-interest loans to help Tasmanians suffering from financial stress.
NILS Tasmania will manage a $1 million fund for essential household goods and expenses and another $1 million fund to help start small businesses.
These funds are a part of a $5 million Community Development Finance Fund announced during 2009.
David Bartlett has told a budget estimates committee the loans will be extremely helpful for low income Tasmanians trying to get back ‘on their feet’.
“The research shows us that the additional support for expanded items and services under the micro-finances program will greatly assist people facing financial hardship and help raise financial literacy and reduce dependency on emergency relief,” he said.