The ministry said these incentives add value to the stimulus packages unveiled by Prime Minister Tan Sri Muhyiddin Yassin under the National People's Well-Being and Economic Recovery Package and Strategic Programme to Empower The People and Economy .
"The ministry understands the plight of sports industry players who are badly hit by the closure of the sports and recreational sector because of the ongoing movement control order," the ministry said in a statement on Monday . "Many are facing many challenges, among them growing debt, dismissal of employees and some were forced to close, especially gymnasiums and fitness centres."Under the GPIS initiative, the ministry will hand out a RM3,000 one-off relief grant to eligible sports and recreational facility operators, subject to conditions.All sports industry players are considered as part of the affected group and thus eligible for a loan moratorium.
These exemptions are only for facilities located at the Youth and Sports Department, National Sports Council, Development and Leadership Excellence Institute and Impact Integrated.A total of 1,000 MyVAC slots have been set aside for sports industry employees registered under the Youth and Sports Ministry or International Trade and Industry Ministry via the CIMS system.
All MyVAC@SportsIndustry volunteers will enjoy a daily allowance of RM100 if they are on duty for two sessions, approximately 12 hours a day. The ministry has allocated RM6mil for this initiative.The existing SPIS is set to be enhanced with both the Entrepreneur Development and Cooperatives Ministry as well as the Youth and Sports Ministry to work hand in hand to bring the matter to the Cabinet's attention in a bid to further reduce the financing interest rate for sports industry players.