Khalifa Fund for the development of small and medium enterprises (SMEs) will start funding applicants over the next few weeks, a top official told Gulf News.These applicants will receive loans up to Dh5 million to help develop their business ideas.
Hussain Al Nowais, chairman of the Khalifa Fund to support and develop SMEs, said the fund was created to help start-up, new and existing male and female entrepreneurs as well as young graduates and retired military personnel.
The fund has three different programmes.
The Bedaya programme grants a start-up loan amounting to Dh3 million to eligible UAE nationals.
The fund's second programme, Zeyada, will help small existing businesses expand or grow. SMEs under Zeyada will be eligible to up to Dh5 million loan.
A third programme will finance even smaller businesses and grant loans amounting to a maximum of Dh250,000 to those intending to operate kiosks. Source
Hussain Al Nowais said the fund was created to help start-up, new and existing male (and female) entrepreneurs as well as young graduates and retired military personnel??
ReplyDeleteDId I read that correctly?
Well, Mr. Al Nowais knows what he is on about it.......very generous to the *female entrepreneures* holding U.A.E. passports...;-))
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