A digest of news and opinion from the Maldives.
SME Development Finance Corporation private limited (SDFC) gave out MVR 800 million targeted to Small and Medium Enterprises (SME), during the COVID-19 crisis last year. SDFC claims they had carried out multiple incentive programs to ease the burden on small businesses during the pandemic. One of the highlighted programs issued loans under the government’s Recovery […]
Finance Ministry issued MVR 222.9 million via SME Development Finance Corporation (SDFC) directed at the small businesses operating in the Maldives, under the government’s recovery scheme. This includes small businesses, middle-class businesses, and self-employed people. Under the stimulus package of MVR2.5 Billion, announced by the government, SDFC issues loans for small and middle-class businesses that […]
Economic Minister Fayyaz Ismail has announced that freelancers will be eligible for SME’s loan given by the SME Development Finance Corporation (SDFC). Economic Minister has stated this after professionals in the artistic field such as musicians and photographers expressed their concerns as they are faced with a lack of income due to the restrictions in […]