BML announces opening of applications for the BML Startup Grant
Out of the short-listed candidates, two winning candidates are granted MVR 500,000 to implement the presented business idea within 12 months of awarding the grant.
Out of the short-listed candidates, two winning candidates are granted MVR 500,000 to implement the presented business idea within 12 months of awarding the grant.
The Bank of Maldives (BML) has officially announced the opening of applications for the BML Startup Grant 2024. This grant by the bank was started as a way to foster emerging entrepreneurs to explore new business ideas, and start-ups, or grow an existing micro or small business in the Maldives. With each new announcement, BML opens up opportunities to 10 short-listed applicants who will then go on to pitch presentations to be chosen as the most eligible parties for the grant.
Out of the short-listed candidates, two winning candidates are granted MVR 500,000 to implement the presented business idea within 12 months of awarding the grant. With the introduction of the Start-up Grant, BML also published the eligibility criteria, which are divided into three sections. This includes:
Individuals
Businesses
All applicants
For all interested candidates who meet the criteria, the bank has yet again opened up this golden opportunity with the application deadline set for 11:59 pm on 12th October 2024.
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.