In addition to financial support, the Bank will provide comprehensive financial advice to guide the winners in successfully executing their business plans.
BML
The Bank of Maldives (BML) has announced the opening of applications for its Startup Grant for the year 2025.
In celebration of BML Islamic’s 10th anniversary, a third business will be awarded the grant this year. This is an increase from the regular two recipients awarded annually. Each of these businesses will receive a grant of MVR500,000. In addition to financial support, the Bank will provide comprehensive financial advice to guide the winners in successfully executing their business plans. Individuals and newly registered businesses are eligible to apply.
The Startup Grant is part of the Bank’s commitment to support businesses and strengthen our relationship with the start-up ecosystem in Maldives. Through the programme, we are nurturing the entrepreneurial spirit of the startup community to create jobs and opportunities to maximise positive impact for society.
Applications must be emailed to [email protected] before 4pm on 7th September 2025. The BML Startup Grant was launched in 2022 and is targeted for emerging entrepreneurs to win funding to start or grow a business in the Maldives. For more details on the application process and eligibility criteria: www.bankofmaldives.com.mv/startup-grant
