The Bank of Maldives has opened applications for Bank Fund 2026, inviting registered Non-Governmental Organisations and clubs across the country to submit proposals for eco-friendly community projects aimed at delivering meaningful and lasting benefits at island and community level. The initiative, which continues to strengthen the bank’s support for grassroots development, is designed to empower civil society organisations to turn practical ideas into impactful projects that contribute to sustainable progress across the Maldives.
Under this year’s programme, the Bank Fund will award MVR 200,000, equivalent to USD 12,951.84, to each of five winning projects. The grants will be provided for proposals developed under the themes of education, environment, sports and community development, reflecting a broad commitment to improving quality of life and supporting initiatives that respond directly to local needs. By focusing on projects that are both community-driven and environmentally responsible, the programme offers an important platform for organisations working to create positive change in their respective islands and regions.
The fund has become an increasingly important avenue for nurturing local innovation and civic participation. Over the past two years, the programme has already supported a range of community-centred projects implemented by nine different NGOs, helping organisations transform their plans into practical outcomes that benefit people at the grassroots. Through these efforts, Bank of Maldives has continued to demonstrate its commitment to inclusive national development by supporting projects that not only address immediate community priorities but also contribute to long-term social and environmental wellbeing.
Commenting on the opening of applications, BML Chief Executive Officer and Managing Director Mohamed Shareef said the bank remains committed to supporting organisations that are building stronger communities through innovative and sustainability-focused work. He stated that lasting progress is built from the ground up, and noted that the Bank Fund reflects the institution’s dedication to enabling local organisations to translate their ideas into tangible benefits for their communities. He also expressed pride in the positive impact already achieved through the programme and said the bank looks forward to supporting another group of high-impact initiatives in 2026.
The opening of applications for Bank Fund 2026 is expected to encourage broad participation from NGOs and clubs working across diverse sectors, particularly those with proposals that combine social value with environmental responsibility. The initiative also reinforces the important role of partnerships between the private sector and civil society in advancing community resilience, opportunity and national development. For many organisations, the fund presents a valuable opportunity to secure financial support for projects that may otherwise face constraints, while also gaining wider recognition for their contribution to local development.
Registered NGOs and clubs wishing to apply are required to submit their applications and project proposals before 1400hrs on 14 June. Submissions must be sent by email to [email protected], while application forms and detailed guidelines are available on the bank’s website. With applications now open, the programme is set to once again provide a strong boost to community-led initiatives that promote sustainability, empower local organisations and deliver shared benefits across the Maldives.
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