Thousands of Tasmanians will be provided with cost-of-living assistance this year thanks to the Tasmanian Government and NILS (No Interest Loan Scheme).
Minister for Community Services, Roger Jaensch, said the No Interest Loan Scheme is a proven and practical solution for helping people tackle cost-of-living pressures many of them on the Central Coast.
“Last year NILS lent $9 million to almost 5,000 Tasmanians, with that spending flowing through to 960 different Tasmanian businesses,” Minister Jaensch said.
The loans up to $2,000 to eligible people have no interest, no fees and no charges, which means people who are in difficulty can get tailored and affordable assistance.
The Tasmanian Government has entered into a new, three-year partnership investment plan to help NILS provide up to 2,000 more loans each year, over a three-year period, at a cost of $2.1 million.
“In addition to that, we have extended the highly successful Energy Saver Subsidy, which provides a direct 50 per cent subsidy on the cost of an energy efficient appliance, like a fridge, freezer or washing machine, for low-income Tasmanians if coupled with a NILS no-interest loan for the balance,” he said.
“High interest rates, as well as rising food and petrol costs, are proving challenging for many Tasmanians, so access to no-interest loans can be an enormous relief.”
Delivery partners such as Neighbourhood Houses can provide advice and assistance with applications.
“By working together, alongside our vital community service sector, the Tasmanian Government can ensure Tasmanians in need have access to the supports they require.”
“This Government will continue to invest in the financial independence of Tasmanians in need through our 2030 Strong Plan for Tasmania’s Future.”
For more information about the loan scheme, including a list of delivery partners, go to www.nilstasmania.org.au