The government is prepared to offer special tax incentives and other forms of support to persons interested in establishing childcare and elderly care centres across the country.
“If you live in a village and you wanna convert your bottom house into a daycare facility, of course it would have to be regulated, you’re going to have to have standards and everything else, we can help you even co-invest in fixing the facility,” Vice President Dr Bharrat Jagdeo has explained.
He noted too that the government will also “remove any tax on income you earn on that facility.”
In exchange, they would have to charge a reasonable rate.
The main objective of this programme, which will be included in Budget 2026, is to ensure working mothers have safe and affordable care facilities for their children.
Meanwhile, Jagdeo said the same offer will be made to persons interested in setting up facilities to care for the elderly.
He highlighted that these initiatives will also help to create hundreds of community-based entrepreneurs.
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