The Coalition Government has allocated $3 million to the iTaukei Resource Owners Support and Development Fund for the 2025–2026 national budget. This initiative is strategically crafted to support iTaukei resource owners in developing and expanding sustainable businesses that make effective use of their land and resources.
For the upcoming financial year, the fund will back 60 projects through Merchant Finance Limited, with 20 as continuing initiatives and 40 as new ventures. Additionally, five projects will receive funding via the Fiji Development Bank (FDB). The provinces currently involved are Tailevu, Macuata, Ba, and Nadi, with possibilities for others to join soon.
To qualify for the fund, applicants must have proper registration and legal recognition of their landowning group, a viable business plan with realistic cash flows, strong governance structures, and unwavering landowner support. There is also a stipulation that the land and resources must be used sustainably.
Reflecting on past successes, during 2024–2025, 11 initiatives received $291,000 through Merchant Finance Limited, while the Ministry of Finance reviewed projects worth $331,000. Significant achievements include the Tailevu Provincial Company securing a $3 million facility through FDB at a subsidized interest rate, as well as successful subdivision projects in Nadi and Lautoka.
The initiative aims not only to integrate iTaukei landowners into Fiji’s economic development but to empower them as leaders in these efforts. This aligns with prior governmental strategies aimed at uplifting the iTaukei community, such as establishing the iTaukei Trust Fund Investment to offer low-interest loans for economic growth and entrepreneurship.
By providing essential financial backing and fostering active involvement in business ventures, these efforts present a promising future for the iTaukei community. The goal is to alleviate poverty, enhance economic resilience, and promote sustainable development. Ultimately, the objective is to incorporate the iTaukei community more deeply into Fiji’s burgeoning economy while respecting and preserving their rich cultural heritage.