1005 receive grants
2 November, 2018, 10:07 am
UNDER the micro and small business grants scheme, 1005 entrepreneurs were presented with $1000 as a leg up for their existing or new business by the Minister for Industry, Trade and Tourism Faiyaz Koya at the Valelevu grounds yesterday.
“Today’s event will bring the total number of businesses assisted in the Suva-Nausori corridor area since the inception of this program to 3247,” he said.
Mr Koya said the commitment had impacted the lives of 16,235 people who lived in this area.
“With today’s disbursement, more than 36,000 micro and small enterprises have been formalised and assisted through the MSBG initiative since 2015. This has impacted the lives of 180,000 Fijians, with the Fijian Government’s investment of approximately $36 million,” said Mr Koya.
He told the recipients that through the Ministry of Industry, Trade and Tourism and the National Centre for Small and Micro Enterprise Development, the government could offer them advice, mentoring, training and support.
“So, it does not end here with this grant. We are here every step of the way to ensure we provide the tools that enable you to reach your full potential.
“We therefore, want as many of you as possible to be in a position to be able to access finance from banks to expand your current businesses. Small businesses don’t always remain small; they only start small.
“Many grow quickly to become medium and big businesses. Be ambitious and strive for the success of yourselves, your families and for your nation.”
Mr Koya said in addition to the MSBG, there were a number of other initiatives that target MSMEs.
“One such program is the Standardised Roadside Stalls.
“Through this program, the Fijian Government provides vendors standardised stalls to sell their produce from.
“This project will not only improve the standards, presentation and hygiene of produce, but also assist to gradually mainstream vendors from the informal to the formal sector. This initiative will soon be launched in the Northern Division.”