Person
Badrudheen Hassan
Described in the news as: CEO of SME Digital.
In the news, last 90 days
Economy
Second phase of Youth Entrepreneurship Financing program, designed to foster young entrepreneurs, officially launched
Bank of Maldives and SME Development Finance Corporation opened applications for the second phase of the Youth Entrepreneurship Financing scheme, offering loans of up to MVR 150,000 to Maldivians aged 18 to 30 at 7% profit per annum with no collateral required. The first phase has concluded with over MVR 300 million provided to more than 3,000 young entrepreneurs.
Economy
RSW Financing Limit Raised to MVR 4 Million as Applications Reopen
Applications have reopened for financing to install refrigerated seawater systems on fishing vessels, with the maximum amount raised to MVR 4 million without collateral and the facility expanded to cover new and replacement vessel engines. The scheme is offered through SME Digital jointly with the Fisheries Ministry, the Finance Ministry's Lives and Livelihoods Fund and the Islamic Development Bank, at a six percent annual profit rate with repayment over up to 10 years.
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