The SME Development Finance Corporation (SDFC) has launched a new financing facility dedicated to content creators and film producers, offering up to MVR 500,000 to support the Maldives’ growing creative economy.

President Dr Mohamed Muizzu first announced the scheme on 14 September, stating that a soft loan facility for content creators would be introduced within two weeks. Since then, the Government has consulted with industry stakeholders to shape the initiative.

Under the scheme, financing of up to MVR 150,000 is available without collateral, while amounts up to MVR 500,000 can be accessed with collateral. Loans carry an annual profit rate of 9.5 per cent, with flexible repayment terms of up to five years, including a six-month grace period. Funds can be used to purchase equipment, cover production costs, or meet other business expenses essential for scaling creative enterprises.

SDFC Managing Director Badhurudheen Hassan said the facility is designed to empower Maldivian content creators, filmmakers, and digital entrepreneurs to bring their creative visions to life. “This is not just a financing product, it is an investment in creative talent, innovation, and the future of our economy,” he said.

President Dr Muizzu has previously said his Administration aims for creative industries to contribute at least 15 per cent of GDP by 2030. He noted that the Maldives’ young, tech-savvy population and its improving digital infrastructure provide a strong foundation for local talent and international creative partnerships.

Applications for the facility are now open and can be submitted through the SME Portal on SDFC’s official website.