NATION

$3.2 Million Invested In 3247 Grant Recipients

A total of 3247 micro and small entrepreneurs along the Suva-Nausori corridor have been assisted by Government since the inception of the Micro and Small Business Grant (MSBG) in 2015.
02 Nov 2018 15:28
$3.2 Million Invested In 3247 Grant Recipients

A total of 3247 micro and small entrepreneurs along the Suva-Nausori corridor have been assisted by Government since the inception of the Micro and Small Business Grant (MSBG) in 2015.

The figure was revealed by the Minister for Industry, Trade and Tourism Faiyaz Koya at the Nasinu grant disbursement at the Valelevu Ground yesterday.

He said the Fijian Government had invested approximately $3.2 million on people living along the Suva-Nausori corridor for the past three years.

He said grant recipients had proven that they had the knowledge and ability to do business and improve their livelihoods and positively contribute to the Fijian economy.

“The commitment you have made has impacted the lives of 16,235 people that live in this area,” Mr Koya told entrepreneurs.

He stated that the initiative was launched in 2015 by the Prime Minister and has been ongoing ever since.

“This is not the first round of disbursement of grants to successful recipients and this is not the first year we are disbursing funds,” he said.

“The MSBG has been used as a political football to mislead and misguide Fijians. The MSBG initiative started in 2015 and will be around for a number of years.”

Mr Koya stressed that the initiative targeted people who have shown entrepreneurial spirit and needed assistance to take their business to the next level.

“With the Fijian economy experiencing growth for the ninth year in a row, it is the responsibility of your Government to ensure everyone has its own fair share of the benefits. That includes people like you, who need it most.”

He said more than 36,000 micro and small enterprises had been formalised and assisted through the initiative.

“This has impacted the lives of 180,000 Fijians with the Fijian Government’s investment of approximately $36 million.”

All recipients of the grant have been thoroughly assessed by the ministry and the Fiji Development Bank to ensure that only those who genuinely need assistance and have the will to run a business are supported.

 Edited by Percy Kean

Feedback: fonua.talei@fijisun.com.fj

 

 



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