Capacity-Building support now available for MSMEs through GEMINI Programme

Capacity-building support that will bolster the prospects of success for micro, small, and medium-sized enterprises is now available through the Growth and Expansion of MSMEs through Innovation and Capacity-Building (GEMINI) Grant pilot programme.

The initiative is being implemented by the Development Bank of Jamaica in collaboration with the Jamaica Business Development Corporation.

The Bank has allocated $100 million for the first year of implementation, which will cover 80 per cent of the costs for MSMEs, up to a maximum of $800,000 per applicant.

It will enable beneficiary entities to improve their operational efficiency, enhance their market competitiveness, and access financing.

The pilot phase of the programme was launched on Wednesday.

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