Comments /1104 Views / Thursday, 23 February 2012 00:36
SMEs, the key driver of Sri Lanka’s industry sector and set to drive country’s future manufacturing growth, have received a new boost. “The majority of the enterprises in Sri Lanka are small and medium scale enterprises and their contribution to the development of national economy is significant. Our aim is to support the small and medium scale entrepreneurs,” said Minister of Industry and Commerce Rishad Bathiudeen.
Minister Bathiudeen’s announced this to the officials of his Ministry having launched Sri Lanka’s first trilingual Small and Medium Enterprise Guide Book 2012 published by National Enterprise Development Authority (NEDA) under his Ministry on 19 January at the Ministry of Industry and Commerce auditorium, Colombo.
“National Enterprise Development Authority (NEDA) published Small and Medium Enterprise Guide Book (SME Guide Book 2012) to fulfil entrepreneurs requirement. This book is also the operational manual for SME to sources of information in financing, technical assistance, commercial bank extended loan schemes and other relevant attributes. I am glad to note that NEDA has taken steps to publish the small and medium entrepreneurs Guide Book 2011 in all three languages, Sinhala, Tamil and English. The 2009 edition was published only in Sinhala and English,” Minister Bathiudeen said. “I am pleased to extend our support to the national SME strategy under the development vision of the President Mahinda Rajapaksa,” Minister Bathiudeen added.
SMEs in Sri Lanka often find themselves without proper access to finance or credit made available by country’s banking sector. The Ministry of Industry and Commerce is also of the belief that for better access to banks, the sector should also be given awareness on the various financing schemes available to SMEs and the result is the 2012 Guidebook.
The Guide, which is made available free of charge, is a comprehensive directory of various financial and loan schemes made available to SME entrepreneurs by Sri Lankan banks, and assistance available from supporting institutions such as the Chambers, NIBM, BoI, Sri Lanka Standards Institution, the Ministry of Industry and Commerce and its NEDA, and even the state sector administrative office – the Divisional Secretariat Office.
26 September 2016
Premier Ranil Wickremesinghe signs on the digital drawing of the Techno City during its launch yesterday while Megapolis and Western Development Minister Champika Ranawaka and Science, Technology and Research Minister Susil Premajayantha ...
26 September 2016
The entire shipping industry witnessed the long-awaited turn in business environment with last week’s news that Hanjin Shipping, a South Korean shipping giant which is considered as the seventh largest container carrier in th...
26 September 2016
Talent is in high demand both locally and globally. We saw a wave of writings such as ‘Winning the War for Talent’ spreading the word. We have witnessed the dire consequences of not having the right talent in the right p...
23 September 2016
Awake, O sleepers, the time to do some real work has come! Admit it. The headline floored you. There you were on a Friday morning muttering “TGIF!” loudly and fervently if you’re the boss… or furtively und...
Legal battle fought by a private company to save our forests
Chandra J writes open letter on effective intermediation by Ombudsman
IMF staff concludes visit to Sri Lanka to discuss progress of economic program
Imposition of dress codes for parents must be assessed objectively