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Fiji Time: 1:37 AM on Friday 25 April

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$1.5m for small businesses

By ROPATE VALEMEI
Thursday, November 22, 2012

Update: 5:35PM GOVERNMENT will allocate an additional $1.5million for small businesses program to encourage more commercial-bank lending to small medium enterprises

The Northern Development Program and the Integrated Human Resource Development Program will also receive $2million in 2013.

He said the government would also provide $500,000 to the National Center for Small and Micro Enterprises Development (NCSMED) to support its operations.

In addition, the Fiji Development Bank will be provided approximately $290,000 to subsidise interest on small business loans.