Posts

Showing posts with the label Small Business Development Corporation

No clear pathway for SMEs

OP/ED The Small Business Development Corporation (SBDC) was established in 1992 following the enactment by parliament of the SBDC Act in 1990. It is explicitly mandated by the national government to implement policies and programmes aimed at developing, expanding, promoting and growing the informal sector and the small and medium-scale indigenous businesses under the SME policy of 1998 through the development of entrepreneurial skills, provision of financial assistance programmes and other support or extension services. Core functions of the SBDC included support and development of village-based cottage industries and informal economic activities through the development and application of appropriate technologies that are affordable with the aim to increase community participation and maximise use of local resources. Following a small to medium enterprises (SME) policy in 1998, the organisation was tasked to identify constraints in developing indigenous businesses in the country. The

No clear pathway for SMEs

OP/ED The Small Business Development Corporation (SBDC) was established in 1992 following the enactment by parliament of the SBDC Act in 1990. It is explicitly mandated by the national government to implement policies and programmes aimed at developing, expanding, promoting and growing the informal sector and the small and medium-scale indigenous businesses under the SME policy of 1998 through the development of entrepreneurial skills, provision of financial assistance programmes and other support or extension services. Core functions of the SBDC included support and development of village-based cottage industries and informal economic activities through the development and application of appropriate technologies that are affordable with the aim to increase community participation and maximise use of local resources. Following a small to medium enterprises (SME) policy in 1998, the organisation was tasked to identify constraints in developing indigenous businesses in the country.