To provide a social safety net for the people of St. Vincent and the Grenadines and in the Diaspora
To provide a cushion for members who suffer contingencies involving the loss or reduction of income
To help secure an improved quality of life for insured members
NIS SOCIAL OUTREACH PROGRAMMES
The NIS is fulfilling its mandate by contributing to the development of St. Vincent and the Grenadines through its social outreach programmes:
Significant contributions were made in the field of education through the funding of the National Student Loan Programme.
NIS makes home ownership a reality by contributing to the NCB 100% Mortgage Finance Programme for Public Servants.
NIS aids in the reduction of unemployment, and the growth and development of the micro enterprise sector in St. Vincent and the Grenadines by providing funds for the NCB Micro Enterprise loan Programme.
EC$6 million was advanced to the National Fishing Fleet Expansion Programme. This provides loans to fishers, fish handlers and vendors, and other self-employed stakeholders in the fishing industry.
Significant contributions were made in the field of Health. One such contribution was the donation of the Ultrasound and C.T. Scan machines for the Kingstown Hospital.
In an effort to improve the conditions and services towards the elderly population of St. Vincent and the Grenadines, the NIS in partnership with the Government has constructed two activity centres for senior citizens. One Centre is located at Cane Grove on the Leeward side of the Country. The other is located at Black Point on the Windward side.
The Non-Contributory Assistance Age Pension (NAAP) was instituted in 1997 for persons who could not have contributed to the NIS because of their age, but were members of the National Provident Fund. It is also paid to some indigent persons who were identified following a means test exercise, and those farmers who were displaced from the banana industry.
The NIS introduced the Elderly Assistance Benefit (EAB) in 2009 to help cushion persons who were affected as a result of the global financial crisis.