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President Muizzu’s fisheries agenda gains momentum with SME Digital’s new mariculture financing
SME Digital and the Ministry of Fisheries and Ocean Resources launched a nationwide Mariculture Scheme to finance 200 sea cages, offering Shariah compliant financing of MVR 80,000 to MVR 640,000 with repayment of up to six years including a six-month grace period. Applications open on December 13, 2025 through the SME Portal.
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200 cagessea cages to be financedThe Standardhas launched a nationwide Mariculture Scheme that will finance 200 sea cages to accelerate the development of mariculture in the Maldives.
Word for word from the report in The Standard. Open the report
MVR 80,000minimum financing amountThe StandardFinancing amounts range from MVR 80,000 to MVR 640,000, with repayment periods of up to six years including a six month grace period.
Word for word from the report in The Standard. Open the report
MVR 640,000maximum financing amountThe StandardFinancing amounts range from MVR 80,000 to MVR 640,000, with repayment periods of up to six years including a six month grace period.
Word for word from the report in The Standard. Open the report
Other events named
no clear day, as worded
SME Digital, in collaboration with the Ministry of Fisheries and Ocean Resources, launched a nationwide Mariculture Scheme financing 200 sea cages.MaldivesThe StandardSME Digital, in collaboration with the Ministry of Fisheries and Ocean Resources, has launched a nationwide Mariculture Scheme that will finance 200 sea cages to accelerate the development of mariculture in the Maldives.
Word for word from the report in The Standard. Open the report