Loan scheme for Fuvahmulah SMEs
Loans of up to MVR 50,000 will be sanctioned under the scheme.
By
Aishath Fareeha Abdulla
A loan scheme has been introduced to provide concessional loans to Small and Medium Enterprises (SME) in Fuvahmulah.
The micro finance scheme was launched at a ceremony held at the council on Monday. Loans of up to MVR 50,000 will be sanctioned under the scheme.
The purpose of the scheme is to expand the number of SMEs in the city and to facilitate the opportunity for those who wish to start businesses.
Areas covered under the scheme include:
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Handicrafts
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Beauty and makeup
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Photography and videography
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Sewing and textiles work
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Information communication technology
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Creative arts and music
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Sports and fitness
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Fishing
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Electrical wiring and maintenance
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Manufacturing
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Agriculture
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Welding and carpentry work
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Tourism
Applications for the scheme can be submitted by 12pm on July 27.
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Forms are available at the counter of the council office
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The form can also be filled out online
