NATION

$1.7M Boost Towards Small, Medium Businesses

THIS IS PART OF THE $10.3 MILLION ASSISTANCE ASSURED BY INDIAN PRIME MINISTER NARENDRA MODI IN 2014 The Indian government has committed $1.7 million to Fiji’s Small and Medium En­terprises
02 Jun 2018 11:00
$1.7M Boost Towards Small, Medium Businesses
From left to right: Indian High Commissioner to Fiji Vishvas Sapkal, India’s Minister of State for Health and Family Welfare Ashwini Kumar Choubey hands over the cheque to the Attorney-General Aiyaz Sayed-Khaiyum in Suva on May 31, 2018. Photo: High Commissioner of India

THIS IS PART OF THE $10.3 MILLION ASSISTANCE ASSURED BY INDIAN PRIME MINISTER NARENDRA MODI IN 2014

The Indian government has committed $1.7 million to Fiji’s Small and Medium En­terprises (SME).

This is part of the $10.3 million assistance which the Indian Prime Minister Narendra Modi had an­nounced during his trip to Fiji in November 2014.

The cheque amount was $1,704,586.80 which was handed over by the Indian High Com­missioner to Fiji Vishvas Sapkal and Indian Minister for State for Health and Family Welfare Ash­wini Kumar Choubey to the At­torney-General and Minister for Economy, Aiyaz Sayed-Khaiyum on Thursday.

After receiving the cheque, Mr Sayed-Khaiyum said the micro-finance assistance that was given had tremendously changed the lives of thousands of Fijians.

He said that people do not have enough capital to go a step further.

“By giving them access to $1000 maximum, we were able to help them move up to the next stage.

“We greatly appreciate what Mr Modi and the Indian people have done,” Mr Sayed-Khaiyum said.

Mr Sapkal said the Indian Gov­ernment had already given US $2.2 million (FJ$4.5m) which had been distributed to 4752 Fijian benefi­ciaries.

“This grant is for Fijians who would like to start small medium businesses like poultry, carpentry, food vendors, etc.

“We had seen in the past that many Fijians who had received the grant have immensely benefited from it which was distributed by the Ministry of Trade and Tour­ism.

“We are really happy to be com­mitted to the development of Fiji,” Mr Sapkal said.

Edited by Caroline Ratucadra

Feedback: ashna.kumar@fijisun.com.fj

Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper