The government has provided MVR 187 million in loans for businesses in its first year in office.
147 loans were provided for seven sectors up until September 27, according to the statistics published by the government.
Details of the loan arrangements
Empowering small and medium businesses is a key pledge if the government. The government also introduced the SME Bank for this purpose within one year. The bank provides loans in four sectors with an interest rate of 4-6%. The state budget for next year also allocates a large amount for this purpose.