Prime Minister Pedro Sanchez announced the support plan on the 5th local time, French daily Le Monde said.
Sanchez explained that the emergency aid will help 65,000 self-employed people and 30,000 businesses.
It also decided to provide loans worth 5 billion euros and 7.5 trillion won for small businesses, self-employed people and private households.
Prime Minister Sanchez also said he has deployed a total of 15,000 people, including soldiers and police, to search and recover missing people in flood-stricken areas.
In southeastern Spain, a huge amount of rain fell in a short period of time on the 29th of last month, flooding everywhere and sweeping away a large number of vehicles.
As of 6 p.m. on the 5th, the death toll from the heavy flood was 219.
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