President Yameen launches MVR200 million ‘Maldives Youth Entrepreneurship Programme’
18 Nov 2014, 3:51 PM
President Abdulla Yameen launched the ‘Get Set – Maldives Youth Entrepreneurship Programme’ at a function held last night to mark ‘National Youth Day.’
According to the President’s Office, MVR200 million (US$12.9 million) worth of loans would be provided through the initiative to encourage entrepreneurship among youth and assist the development of small and medium-sized enterprises (SMEs).
“Two individuals may jointly apply for loans to start up their businesses under this scheme,” the President’s Office explained in a statement.
“The recipients of the scheme will be granted soft loans, along with the required technical assistances through business incubation programmes.”
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