NEWS

$5m So Far For Grant Scheme: PM

The Fijian Government has invested approximately $5million as of today in the Small and Micro Enterprises (SME) grant scheme. More than 4900 households have been given the chance to improve
14 Jan 2016 11:45
$5m So Far For Grant Scheme: PM
Happy 245 SME grants recipients with PM, Tui Macuata Wiliame Katonivere and Minister of Indutrial Relations Fayaz Koya at Seaqaqa yesterday. PHOTO:PENI DRAUNA

The Fijian Government has invested approximately $5million as of today in the Small and Micro Enterprises (SME) grant scheme.

More than 4900 households have been given the chance to improve their quality of life by starting their business through this grant assistance.

This was announced yesterday by Prime Minister Voreqe Bainimarama when he presented SME grant cheques to 245 individuals at the Seaqaqa Central College.

On Monday 228 SME recipients received their cheques at Nabouwalu. Yesterday morning 252 recipients were presented the same at Labasa.

“As a champion of SME grant, I urge you to be responsible with the grant we have invested in you as the seed that has been planted today will bear great fruits in years to come,” Mr Bainimarama said.

“This grant programme is one initiative that has resulted from our growth as a country – but not only that, it is also a programme that has continued to drive our economy by giving valuable and timely assistance to our micro and small businesses.

“The programme is targeted at entrepreneurs just like yourselves who need a helping hand to take their businesses to the next level. This SME grant is an assistance that must be used for purchases that we have verified will start your new business or expand your existing enterprise.

“Don’t squander it. You have the ability and the talent to become the next generation of business leaders for your communities and for Fiji.

“When you expand or start your small businesses, you drive our economy.

“By building up your own wealth, you build the nation’s wealth.

“And this programme will give you the opportunity to do just that.”

He said the more Fijians participated in the national economy the better.

He also reminded the public that the Fiji Development Bank (FDB) was also present to distribute the grants.

“When you accept that grant, you also have the chance to become involved with the FDB, as my Government has given you the tick of approval. When you want another loan to continue growing your enterprise, you can go to the FDB and begin that process.

“So as you can see, the support doesn’t stop here. We’ll be with you every step of the way on your journey to even greater economic successes,” he said.

 

Edited by Naisa Koroi
Feedback: shratika.naidu@fijisun.com.fj

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