Bank of Maldives (BML) has reopened applications for the economic stimulus loan.
The economic stimulus loan was originally launched in November 2020 through a partnership between BML and Finance Ministry to support businesses financially affected by the Covid-19 pandemic.
BML reopened applications for the loan Thursday.
The bank has asked eligible businesses to send the completed application form along with the required supporting documents to [email protected]
The economic stimulus loan facility offers financing up to MVR 7 million with a lower interest rate of 6 percent and a repayment period of four years.
Businesses previously granted EIB Covid relief loan or economic stimulus loan aren’t eligible, states the bank.
Applications are open until November 30.