Disaster Prevention and Protection Act Article 49

Whereas Enterprises in disaster affected areas suffer from operational difficulty due to the disaster, the central industry competent authority may provide assistance.The determination of operational difficulty stated in the preceding paragraph, assistance measures and standards, and other related matters to follow shall be defined by the central industry competent authority and approved by Executive Yuan.Where enterprises in disaster affected areas suffered from operational difficulty due to the disaster have applied loans before the disaster, the deadline of their repayment of principal and interest may be extended or the interest derived therefrom may be reduced or exempted.Regarding the extension stated in the preceding paragraph, circulating fund may be extended for one year at maximum, whereas capital financing may be extended for 3 years at maximum.Regarding the loss of interest during the agreed extension or interest reduction/exemption period stated in Paragraph 3, a financial institution will be subsidized by the central industry competent authority.Where disaster impacted enterprises have applied for loans from financial institution as the working capital in their operation recovery plan, they may have their loan interest subsidized if the loan was applied for circulating fund (one year at maximum) or capital financing (three years at maximum).When the loan stated in the preceding paragraph deemed necessary, relevant credit guarantee fund may provide credit guarantee percentage shall be 90%. During the insurance application, guarantee transaction fees shall not be charged to disaster impacted enterprises.The scope and operating procedures of subsidy and other related matters as stated in the preceding two Paragraphs shall be defined by the central industry competent authority.