Bank of Maldives BML has introduced the BML Small Grants fund as part of the series of 12 high-impact monthly community initiatives to celebrate the Bank’s 40th anniversary in November.

The BML Small Grants fund is open for NGOs to carry out community-based projects that address environmental issues and promote sustainable development. The Bank said that eight projects will be selected to win a grant of MVR 250,000 each to successfully implement the plan.

We’re delighted to announce our Small Grants project as the fifth initiative in our anniversary celebrations. The grant will support small to medium community-led initiatives that address environmental issues, support solutions for environmental challenges while at the same time, enhance community wellbeing and livelihoods for sustainable development. We look forward to the many NGOs working in this field using this opportunity to make a difference
Tim Sawyer, BML's CEO and Managing Director

BML said that applications must be submitted by 15th May 2022. It said that community-based NGOs legally registered in the Maldives before 31st December 2021 are welcome to apply. BML added that Individuals, government bodies, business entities, and other institutions are not eligible.

The 40th Anniversary monthly initiatives announced by BML to date:

  • February: Housing Grant
  • January: BML Startup Grant
  • December: Inspiring Learning - upgrading the National Library
  • November: BML Scholarship Fund

For more details on the application and eligibility process, visit BML Small Grants