Description of Project

e.Gen is supporting Ministry of Economic Development (MED), Republic of Maldives in implementing four components of the MSMEDP project:

• Component 1 – Strengthening of Business Development Services.
• Component 2 – Project Management Unit Support Services.
• Component 3 – Legal Support Services.
• Component 4 – Credit Guarantee & Access to Finance Services.

  Component 1 – Strengthening of Business Development Services – This focuses on institutional strengthening of Business Development Service Centers (BDSCs) and Business Incubator Program through:

Assistance in establishing and operationalizing a network of 7 BDSCs.

• Market Research & Value Chain Mapping.
• Selection of priority sector value chains, Business Incubation support to MSMEs.
• Development of training modules and quality control standards.
• Training of 2500 MSMEs.

Component 2 – Project Management Unit Support Services – This involves providing overall project management and implementation support to the MSMEDP through the Central PMU at the Ministry of Economic Development. e.Gen’s scope of work includes:

• Development of Project management methodology and manual, progress reporting, and monitoring system.
• Augmenting gender impact through barrier removal, awareness and advocacy.
• Facilitating gender disaggregation of data.
• Developing women and youth focused training modules.
• Preparing gender action plan.

Component 3 – Legal Support Services – This involves strengthening program implementation capacity and enhancing enabling environment for MSME development through:

• Identification of legal gaps and barriers for enterprise development.
• Recommendation of new laws and amendments to create better enabling business environment.
• Development of regulatory impact assessment framework.
• Development of training materials for training of MSMEs.

Component 4 – Credit Guarantee & Access to Finance Services – This involves providing operationalization assistance to a credit guarantee scheme and initial handholding support through:

• Development of a Credit Guarantee Framework to facilitate access to Finance for MSMEs.
• Guidelines and SOP development for running the Credit Guarantee Facility.
• Hand-holding assistance, operationalization and initial performance management.

For further information on this project, please write to info@egenconsultants.com