The deadline for submitting proposals for the Bank of Maldives (BML)'s Bank Fund to receive financial assistance to sustainable projects and empower associations will expire on Monday.

BML opened the opportunity to apply for the MVR 200,000 Bank Fund on the 21st of last month.

The deadline for applications for bank funds expires on Monday at 11:00 pm next week.

Applications for Bank Funds are available in four areas. They are for projects that will benefit education, sports, environment and society. The projects must be sustainable and benefit the community.

Under the fund, five projects in the fields of education, environment, sports and society will be selected each year and each project will be awarded a grant of MVR 200,000.

The 'Bank Fund' is open to Local Non-Governmental Organizations (NGOs) and Community-Based Organizations (CBOs). All applications are being received at [email protected].

More information on the Bank Fund can be found on the Bank's website .

Since 2019, BML has supported 100 social projects.