Category: Informal
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State changes tune on SHA premiums for informal workers, to allow monthly payments
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The Government has temporarily revised its Social Health Authority (SHA) payment policy, to provide relief to informal sector workers who may struggle with lump sum contributions. Non-salaried individuals will now have the option to pay their SHA premiums monthly instead of the previously scheduled annual lump sum. Under the gazetted…
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More farmers shun banks for loans, go informal
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More farmers are turning to informal groups, buyers of their produce, and the Hustler Fund for loans to invest in their projects, amid rising interest rates on bank loans. In just two months through May, the number of farmers borrowing from informal savings and credit groups nearly tripled, and the…