THE
SMEs Development Agency has issued recommendation letters to 63 potential small
and medium-sized enterprises in Yangon, to help them obtain loans to expand
their businesses during the third-year of the Yangon Region government.
Regarding
the loans, U Myint Thaung, Yangon Region Minister of Planning and Finance,
said, “Under the guidelines of the Chief Minister, the Yangon Region government
is working towards the availability of loans for developing SMEs. According to
a survey, there are some 40,000 SMEs throughout the region. Firstly, we
shortlisted over 100 SMEs, which have the greatest potentials to grow their
businesses. Of these, the agency issued recommendation letters to 63 SMEs, as
it was found that some enterprises had previously received loans. Further
arrangements are being made to support the availability of loans for the
recommended SMEs.”
A
total of 102 SMEs, out of the selected 115 enterprises, showed their interest
in obtaining loans through township general administration departments during
the field visit to their firms. After interviews with the SMEs’ operators, only
63 enterprises were chosen to receive recommendations from the agency. As part
of its efforts to develop the SMEs, the Yangon Region government is seeking to
obtain overseas loans, such as the two-step loans, U Myint Thaung added.
In
addition, the regional government formed 29 SME clusters and opened 16
state-owned training schools, plus 119 private training centers and 27
handicraft training centers in Yangon.
By
Nyein Nyein
(Translated
by Khaing Thanda Lwin)
Photo:
PHOE KHWAR
Ref;
The Global New Light of Myanmar
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