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The United Republic of Tanzania

Maritime Education and Training Fund

Maritime Education and Training Fund


Roles and Functions of the Fund

METFUND is charged with the responsibility of carrying out fundraising and disbursement of loans to beneficiaries, in a manner that will enhance the provision of maritime education and training to maritime professionals. The Fund carries out the following:

  • Assume responsibility for the control and management of all loanable funds as vested in the Fund.
  • Formulate mechanism for determining eligible students for payment of loans.
  • Administer and supervise the whole process of payment and repayment of loans.
  • Keep the register and other records of students’ loan beneficiaries
  • Advise the Minister on matters of policy and of the law concerning provisions and recovery of loans to students.
  • Keep the register of records of relevant Maritime Institutes grant beneficiaries.
  • Establish operational links between the Fund and Maritime Institute with student loan beneficiaries for facilitating a smooth, efficient and effective administration of the loans.
  • Establish operational links with employers of loan beneficiaries for the purpose of facilitating the recovery of the loans granted.
  • Establish networking and cooperation links on a mutually beneficial basis with institutions and organizations, be they governmental or non-governmental, local, foreign or international.
  • Perform such other functions as are conferred upon the Fund by or under the Act or any other written laws.