- Youth Groups, Women’s Groups or clusters of producers with the same commodity
- Existing cooperatives who have achieved target 100 to be validated by Department of Co-operatives
- Cluster of successful micro, small and medium enterprises recipients previously funded under MSBG with the same economic activities within the community
- New and existing community groups and tikina/district cluster who have not been assisted by a government grant scheme for the last 5 years
- Certain disadvantaged groups i.e. people with disabilities and women
- Collection Center
- Processing Packaging Center
- Farmers’ Cooperative Store
- Mechanized Farming and Farming Implements
- Fish Processing and Packaging Plant
- Fishermen’s Collection Center and Cooperative Store
- NON-FARM ACTIVITIES:
- Crafts: wood/bamboo, tapa making, cane crafts, leather, fibers, others (showroom, machinery & tools needed for efficient production)
- Textile/Clothing: weaving, sewing, embroidery, knitting, jewelry making, others (showroom, industrial sewing machine, machinery for large productions)
- Cooperative store (retailing)
- Carpentry and Joinery
- Others (specify)
- Others – IGPs that creates decent and productive work
NOTE: ALL OF THE ABOVE SHALL BE LINKED TO THE COOPERATIVE STRUCTURE.
||A minimum threshold of $25,000 to a maximum of $100,000
Full funding; and/or partial funding [dependent on the nature of the request]
- One-quarter contribution in cash
- Additional contribution shall include resources and sweat equity
- Training venue and facilities in the community
- Free unskilled labour
- Catering and accommodation of officers during any training or gathering in relation to the enterprise
|Objective of the Project
- To support employment creation in the rural areas and Micro, Small and Medium Enterprise [MSME] development.
- Minimum 3 jobs created (Direct + Indirect)
- Past IHRDP grant recipients from same community need not apply, as the Ministry will only consider new applicants
- Debt refinancing
- Non-enterprise activities
- Business with turnover (sales) of more than $1million per year
- Infrastructure development, i.e. roads, community hall, evacuation center, jetties etc.
- Grant funds will be released only to vendors and not to applicants
- Costs associated with regulatory approvals required from relevant authorities e.g. Rural Local Authority, Environment, TLTB, National Fire Authority, Ministry of Health and Medical Services etc.
- Funding high risk equipment such as road motor vehicles
|Scope of Assistance
||Funding will include facilitation of procurement of actual project materials, employable skills training, small business training, financial literacy training and post services support.
|Potential area criteria
||The Local Economic Development [LED] and Training for Rural Economic Empowerment [TREE] site selection criteria is a guide and tool either wholly or partially that will be used to pre-determine the sites which are feasible to be considered for economic interventions.
- Unemployment rate or low income level
- Total population demographics
- Number of businesses in operation in the community
- Vulnerability to Natural Disasters
- Rate of Non Communicable Diseases [NCDs]
- Availability of human resources and raw materials
- Availability of the required infrastructure and facilities
- Availability of market demands and market links of the business
- Availability of Community Development/Action Plan
- Commitments of the technical advice from relevant IRD stakeholders
- Potential can be expanded to include very remote areas or islands that lack infrastructure and essential services but have resources in abundance.