Last month, 1,312 small and micro entrepreneurs received $1000 grants each from the Fijian Government. “To date 28,004 recipients have been assisted through the Micro and Small Business Grant (MSBG).”
The goal of the new government initiative is to support micro and small businesses across the nation in an effort to boost tourism, trade, and other Fijian sectors. Affording to the Fiji Sun, MSBG “has impacted the lives of 140,020 small and micro entrepreneurs with the Fijian Government’s investment of $26.4 million.”
Minister for Industry, Trade, Tourism, Land and Mineral Resources Faiyaz Koya highlighted the new initiatve during “the disbursement of MSBG at Wairiki Primary School ground on Taveuni Island.” To date, over 2500 businesses have been supported on the island alone by MSBG.
“Through this initiative, the Fijian Government has invested approximately $2.5 million into the economy of Taveuni,” Mr Koya said.
“From next week, we will be disbursing micro and small business grants in Savusavu, Nabouwalu and Seaqaqa.”
According to Mr Koya, the applicants for awards this year hit an all time high compared to the last financial year.