11

Item Details
Target Group
  1. Youth Groups, Women’s Groups or clusters of producers with the same commodity
  2. Existing cooperatives who have achieved target 100 to be validated by Department of Co-operatives
  3. Cluster of successful micro, small and medium enterprises recipients previously funded under MSBG with the same economic activities within the community
  4. New and existing community groups and tikina/district cluster who have not been assisted by a government grant scheme for the last 5 years
  5. Certain disadvantaged groups i.e. people with disabilities and women
Target sectors
  1. AGRICULTURE:
    1. Collection Center
    2. Processing Packaging Center
    3. Farmers’ Cooperative Store
    4. Mechanized Farming and Farming Implements
  2. FISHERIES:
    1. Fish Processing and Packaging Plant
    2. Fishermen’s Collection Center and Cooperative Store
  3. NON-FARM ACTIVITIES:
    1. Bakery
    2. Crafts: wood/bamboo, tapa making, cane crafts, leather, fibers, others (showroom, machinery & tools needed for efficient production)
    3. Textile/Clothing: weaving, sewing, embroidery, knitting, jewelry making, others (showroom, industrial sewing machine, machinery for large productions)
    4. Services:
      1. Cooperative store (retailing)
      2. Transport
      3. Carpentry and Joinery
      4. Eco-tourism
      5. Catering
      6. Others (specify)
    5. Others – IGPs that creates decent and productive work

NOTE:  ALL OF THE ABOVE SHALL BE LINKED TO THE COOPERATIVE STRUCTURE.

Grant Scale 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]
Applicants Contribution
  1. One-quarter contribution in cash
  2. Additional contribution shall include resources and sweat equity
  3. Training venue and facilities in the community
  4. Free unskilled labour
  5. Catering and accommodation of officers during any training or gathering in relation to the enterprise
Objective of the Project
  1. To support employment creation in the rural areas and Micro, Small and Medium Enterprise [MSME] development.
  2. Minimum 3 jobs created (Direct + Indirect)
Exclusions
  1. Past IHRDP grant recipients from same community need not apply, as the Ministry will only consider new applicants
  2. Debt refinancing
  3. Non-enterprise activities
  4. Business with turnover (sales) of more than $1million per year
  5. Infrastructure development, i.e. roads, community hall, evacuation center, jetties etc.
  6. Grant funds will be released only to vendors and not to applicants
  7. 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.
  8. 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.

  1. Unemployment rate or low income level
  2. Total population demographics
  3. Number of businesses in operation in the community
  4. Vulnerability to Natural Disasters
  5. Rate of Non Communicable Diseases [NCDs]
  6. Availability of human resources and raw materials
  7. Availability of the required infrastructure and facilities
  8. Availability of market demands and market links of the business
  9. Availability of Community Development/Action Plan
  10. Commitments of the technical advice from relevant IRD stakeholders
  11. Potential can be expanded to include very remote areas or islands that lack infrastructure and essential services but have resources in abundance.

 

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