Deadline: 14-Jun-2026
The Bank Fund Program is an initiative by the Bank of Maldives designed to support innovative and sustainable community projects across the Maldives.
The program prioritizes projects that:
- Improve social well-being
- Protect the environment
- Strengthen local communities
- Promote long-term sustainability and self-sufficiency
It encourages solutions that are not only impactful but also economically viable over time.
Key Focus Areas
The program supports projects in:
- Education and learning initiatives
- Community development programs
- Environmental protection and sustainability
- Sports and youth development
Funding Details
- Annual selection: 5 winning projects
- Funding per project: MVR 200,000
- Funding goal: Long-term, sustainable community impact
- Preference: Projects with revenue-generating potential
What the Program Supports
Eligible projects should:
- Address real community needs
- Demonstrate innovation and responsibility
- Ensure environmental and social sustainability
- Be capable of long-term operation without continuous external funding
- Avoid harmful or negative impacts on society or the environment
Who is Eligible?
Eligible applicants include:
- Local non-governmental organizations (NGOs)
- Community clubs
- Local associations
Additional requirement:
- Applicants must have a Bank of Maldives account or must have applied to open one before funding is awarded
Who is NOT Eligible?
The following cannot apply:
- Individuals
- Government bodies
- State-funded institutions
- Business or for-profit entities
- Organizations funded by government sources
- Bank of Maldives employees and their immediate family members
Evaluation Criteria
Applications are assessed by a panel appointed by Bank of Maldives based on:
- Applicant’s background and experience
- Expected positive community impact
- Technical and operational feasibility
- Financial feasibility
- Sustainability plan (highest weighting along with feasibility)
Key Selection Priorities
The program gives strong preference to projects that demonstrate:
- Long-term sustainability
- Clear community benefit
- Strong implementation planning
- Revenue generation or self-sustaining models
- Environmental responsibility
- Practical and scalable solutions
Why This Program Matters
The Bank Fund Program strengthens grassroots development in the Maldives by supporting locally driven, sustainable solutions.
It helps:
- Improve community infrastructure and services
- Promote environmental protection and awareness
- Encourage youth and sports development
- Build financially sustainable community initiatives
- Strengthen local innovation and responsibility
Conclusion
The Bank of Maldives Bank Fund Program provides MVR 200,000 per project to support sustainable and innovative community initiatives across education, environment, sports, and development sectors. By prioritizing feasibility and long-term impact, the program encourages self-sustaining solutions that benefit communities across the Maldives.
For more information, visit Bank of Maldives.
