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SME Digital Private Limited (formerly SME Development Finance Corporation Private Limited - SDFC) is the first and only dedicated financing institution in the Maldives focused exclusively on supporting Micro, Small, and Medium Enterprises (MSMEs). Established in January 2019 as a Government of Maldives initiative, the company was created to address the financing needs of the MSME sector and to foster inclusive economic growth.

In 2025, the Bank of Maldives PLC acquired the Government of Maldives’ shareholding, becoming the company’s majority shareholder. Following this change, the company was officially renamed SME Digital Private Limited on 10 November 2025, marking the beginning of a new chapter with a stronger focus on innovation and digital transformation in MSME financing.

SME Digital operates under a Financing Business License issued by the Maldives Monetary Authority (MMA) on 28 February 2019, and our corporate governance practices continue to align with the frameworks set by the MMA

SME Digital’s majority shareholding is held by the Bank of Maldives PLC, which owns 85% of the issued shares. The remaining 15% is held by Malé City Council, Addu City Council, and Fuvahmulah City Council, with each owning 5% respectively.