State grants finance to 539 small businesses

Arieta Luvu received her Micro and Small Business Grant in Lautoka yesterday. Picture: REINAL CHAND

INSPITE of her disability, Arieta Luvu is adamant on starting a business.

The 56-year-old yesterday received a financial boost through the States Micro and Small Business Grant scheme (MSBG) to begin her tailoring business.

“I already have a sewing machine at home, I have had some training prior to this and this is something I’m happy to start,” she said.

She was one of 539 grant recipients in Lautoka yesterday.

According to Industry and Trade Minister Faiyaz Koya, a total of $17.3million had been distributed to almost 17,970 people since 2015.

“Today’s (yesterday’s) event will witness the awarding of grants to the successful 539 recipients here in Lautoka,” he said.

“This is to either start their businesses or to expand their existing business. In addition, 69 recipients will receive grant assistance for cyclone rehabilitation purposes, with the aim to build up their businesses that were either partly or fully damaged after the cyclone.”

Mr Koya said the continuous implementation of the MSBG portrayed the Government’s commitment in improving the micro, small and medium enterprise (MSME) sector in Fiji and also ensuring improved and sustained living standards for all Fijians.

“The MSME sector is a critical sector in every country’s economy. This sector contributes more towards job creation, backward linkages to larger industries and generates economic activities in our communities and our nation as a whole.”

More Stories