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(1) The object of the Fund is to provide financial resources for the grant of medium and long term credit facilities to investors through designated financial institutions.

(2) For the purpose of achieving the object of the Fund, monies from the Fund shall be applied for such relevant investment activities as the Board of the Fund may determine including in particular the following:

(a) manufacturing;

(b) medical technology;

(c) electronics;

(d) computer technology;

(e) software development;

(f) plant assembly;

(g) real estate development;

(h) environmental technology;

(i) tourism, including eco-tourism;

(j) agro-processing; and

(k) the development of small, medium and large scale enterprises.

(3) Without prejudice to subsection (2) monies from the Fund may be applied to fund viable enterprises at advanced stages and to a limited extent at primary stages.