Deadline: 29-May-25
Submissions are now open for the Bank Fund Program.
Thematic Areas
- They will support 5 sustainable and innovative projects in the thematic areas of:
- Education
- Environment
- Sports
- Community Development
Funding Information
- Successful Applicants shall receive a maximum funding of MVR 200,000 each. The Project has to be completed within the funds granted.
- Winners shall agree to deliver the Projects within a maximum of 6 months stated in the application Form of the winning parties.
Eligible Projects
- Criteria for projects
- The Project should not consist of one-time training sessions, awareness or coaching programs, or any form of tournaments or competitions.
- The scope of the Project should not be confined to a limited portion of a larger initiative.
What are they looking for?
- They’re seeking community projects that are not only economically sustainable but also able to generate revenue for long-term viability.
- Projects addressing societal or environmental challenges are of particular interest.
- All winning projects must contribute to the well-being of society by promoting responsible values and actions.
- Projects must be implemented with a responsibility towards society and the environment. It must not leave a negative impact on communities and/or the environment.
Eligibility Criteria
- Only legally registered community-based organizations, non-governmental organizations, charities and clubs can apply.
- Individuals, government bodies, business entities and other institutions that are State funded are not eligible.
- Employees of Bank of Maldives and their immediate family members are not eligible. For the Purpose of this section, Immediate Family members are: Mother, Father, Siblings, Spouse, Children.
- All Applicants must meet the credit worthiness requirements of the Bank of Maldives.
- In cases where approval/permits from other entities (such as a parent entity or subsidiary entity) is required, applicant should discuss the Project with the responsible body prior to submission of application and obtain the relevant written approvals.
- The Applicant should have a bank account with Bank of Maldives or should have applied to open a bank account before the Project is awarded.
For more information, visit Bank of Maldives.