MICRO CREDIT SCHEME

Agricultural Sector

  • Biofarming/Biotechnology/hydroponics/Sheltered structure/Tissue culture etc
  • Bee-hives, Dairy farming, Production of agricultural seedlings/production of agricultural seedlings with modern techniques
  • Storage of agro produce/ construction/modernisation of shed/store
  • Sugar cane – plantation, fine derocking, irrigation
  • Value added projects for abandoned sugar cane fields
  • Potato or onion cultivation
  • Fruit and flower – cultivation, fine derocking, irrigation
  • Vegetable plantation
  • Tea plantation
  • Crops damaged by climatic conditions, pests & diseases under rehabilitation –Any other related activity

Fishing Sector

  • Off-lagoon fishing – purchase of fishing vessel and engine/s
  • Aquaculture
  • Coral farming by fishermen –Any other related activity

Manufacturing Sector

  • Manufacturing – production, transformation and processing, modernisation, working capital finance
  • Company involved in export –Any other related activity

Handicraft

  • Handicraft (locally manufactured), innovative products; any other related activity

Artists

  • Art – art exhibition, recordings, stage plays, publication of books; working capital
  • Any other related activity
Maximum Loan Amount 90% cost of project up to a ceiling of Rs 250,000
Interest Rate 3% p.a.
Penalty Rate 2% p.a above normal interest rate
Repayment Period Up to 5 years depending on projects
Moratorium During gestation/implementation period
Eligibility
  • Individuals, Societies or Companies holding valid licences/permits
  • Registered local and export-oriented SMEs
  • Projects recommended by Economic Development Board  (Enterprise Mauritius, BOI), Tourism Authority, FAREI, SME Mauritius (SMEDA/MyBiz, NEF, National Women Entrepreneur Council) and other relevant institutions, Small businesses holding a Business Registration Card

Loan Application
















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