Some $100 million has been made available to allow local tradespersons to purchase tools and equipment.
The Development Bank of Jamaica is making the funds available through the Tradesperson Ownership Opportunity Loan (TOOL) Programme.
Under the initiative, qualified people can use the funds at a number of hardware stores.
The loans are being offered through micro-financing institutions, including the EXIM Bank.
The DBJ says tradespersons can access up to $500,000 each, at a maximum interest rate of nine per cent per annum.
They will get up to two years to repay.
They can also receive business development training through Jamaica Business Development Corporation (JBDC) along with on-the-spot assessment from HEART/NSTA Trust for certification in their respective fields.
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