The Bank of Maldives (BML) has opened applications for its 2026 Startup Grant, offering MVR 500,000 each to two selected applicants to establish new businesses or expand existing ventures.

In addition to the financial assistance, successful applicants will receive one year of mentorship support from the bank, including guidance from a dedicated relationship manager to help develop their businesses.

Both individuals and newly registered businesses are eligible to apply for the grant, provided they meet the programme’s eligibility requirements.

Applicants must be Maldivian citizens aged between 18 and 60 and present a business plan for an innovative and sustainable venture with the potential to succeed.

Applications must be submitted by email to startupgrant@bml.com.mv before 2:00 p.m. on November 10, 2026.

BML launched the Startup Grant in 2022 to improve access to funding for entrepreneurs seeking to establish or expand businesses in the Maldives.