Submissions open for Bank Fund Program in Maldives

Deadline: 29-May-25

Submissions are now open for the Bank Fund Program.

They will support 5 sustainable and innovative projects in the thematic areas of:
- Education
- Environment
- Sports
- Community Development

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.

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.

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.

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.