Kulhudhuffushi City Council has opened applications for its interest-free Workers’ and Small Businesses Financing Scheme, to increase the number of workers, support new businesses, and expand small enterprises in the city.
The council will hold two public information sessions about the scheme, which they introduced in 2024, which aims to provide equal opportunities for men and women. The women’s session is scheduled for Saturday, 29 November at 8:30 PM at the NOC Hall in Kulhudhuffushi, followed by the men’s session on Sunday, 30 November at the same time and venue.
According to the council, the scheme seeks to develop local craftsmanship, boost productivity, encourage entrepreneurship, increase self-sufficiency, improve quality of life, and financially empower women. It provides funding for 19 business sectors, including tourism, fisheries, weaving, textiles, agriculture, and information and communication technology (ICT).
Applicants may receive up to MVR 100,000 under the scheme, which includes a six-month grace period before repayment begins. Repayments must be completed within 36 months following the grace period. Funds will be disbursed within a maximum of 15 months after the agreement is signed.
Eligibility is open to residents of Kulhudhuffushi City aged 18 to 65, including self-employed individuals, new business owners, and registered small businesses. In 2024, 11 candidates were selected to receive funding under the scheme.
Applications must be submitted by 2:00 PM on Sunday, 21 December 2025.
