Republic of Mauritius- SME Schemes amounting Rs 3.9 million to support 67 local entrepreneurs

The Minister of Industrial Development, SMEs and Cooperatives, Mr Soomilduth Bholah, was present at the event.  The assistance schemes are aimed at building capacity, increase the resilience and efficiency of SMEs.

The support extended to the SMEs and comprising several measures pertained to five specific schemes namely: Internal Capability Development Scheme; Technology and Innovation Scheme; SME Marketing Support Scheme; Inclusiveness and Integration Scheme; and SME Utility Connection Assistance Scheme.

In his address, Minister Bholah spoke of the impact of the Covid-19 on SMEs and expressed concerns as to the vulnerability of SMEs in the wake of the pandemic. SMEs, he emphasised deserve particular consideration given that the global economy remains uncertain with no great visibility for these businesses.

However, he further highlighted, there are signs for recovery which will soon emerge. He consequently reiterated Government’s continuous support to entrepreneurs in developing their businesses. Moreover, he appealed to entrepreneurs to make the most of the various assistance schemes being put at their disposal.

The Minister also encouraged Mauritians to buy local products and called on entrepreneurs to reinvent themselves by demonstrating their talent, creativity, and ability to adapt with emphasis on innovation and the adoption of new technologies.