Ministry of Finance and Treasury has revealed plans of introducing new loan schemes to attract youth to the Maldivian business sector. Multiple small and medium enterprises (SME) loan schemes will be launched this year including a guest house loan scheme and a loan scheme targeted for the Maldivian youth, according to Ministry of Finance and Treasury,
Under the effort of the current administration to boost the caliber of Maldivian youth by assisting them to explore their talents, the loan schemes would provide an optimum pathway to invest in private businesses. Highlighting private small and medium businesses are a trend amongst the general public; Finance Ministry has called on all Maldivian youth to grab such opportunities to secure a better and a stable future.
In an interview with PSM News, Minister of Finance and Treasury Ahmed Munawar revealed the involvement of Maldivian women in the business sector has witnessed a major boost in the past few years. In this regard, the Maldivian Finance Minister revealed that women entrepreneurs have been making a prominent mark in the tourism sector.
Earlier, Ministry of Economic Development has announced a new loan scheme worth over USD 12 million for small and medium scale entrepreneurs in Maldives. About 20 percent of the investment is expected to be utilised under the guest house loan scheme, according to Economic Ministry.