Provide financing of up to MVR 150,000 to applicants aged 18 to 30 with no personal equity contribution or collateral, at a profit rate of 7% per annum over a five-year repayment period including a six-month grace period.

Promised Medium impact

Where it stands today No news yet. It stays “Promised” until an article or an official page shows a change. Since 1 November 2026

The story so far

Newest first

1 Nov 2026 Promised Where it was made

The promise was made

Key numbers in the article

MVR 150,000 Maximum financing available under the scheme7% per annum Profit rate on the financingfive years Total repayment period

Exact words from the article

“Under this scheme, financing of up to MVR 150,000 will be provided without requiring any personal equity contribution or collateral. Issued at a profit rate of 7% per annum, the financing includes a total repayment period of five years, which incorporates an initial six-month grace period.”

Second phase of Youth Entrepreneurship Financing program, designed to foster young entrepreneurs, officially launched · Raajje (English) · 1 Nov 2026 Source (opens Raajje (English) in a new tab)

No developments have been recorded yet. Until one is, the promise stays at “Promised”.