The Bank of Maldives has opened applications for a startup grant scheme that provides up to MVR 1 million to selected businesses.
The programme is designed to support innovative startups and entrepreneurs seeking to scale their operations. Eligible applicants will be assessed on the viability of their business ideas, potential impact and implementation plans.
Details of the application process, eligibility criteria and deadlines have been made available through the bank's official channels. The scheme is part of broader efforts to promote entrepreneurship and economic diversification.
Previous similar initiatives have supported ventures in tourism, technology and other sectors. Interested parties are encouraged to review the full guidelines before applying.
The bank has not specified the total number of grants available under the current round.