Plea: SMEs require help to grow, says Thaver

Unisame invites attention of PC to urgent requirement of big impact actions for growth of SMEs.

KARACHI: The Union of Small and Medium Enterprises (Unisame) invited the attention of the planning commission (PC) to the urgent requirement of big impact actions for growth of the small to medium-sized enterprises (SMEs). Unisame President Zulfikar Thaver informed the PC that the SME policy was devised in 2007 and needs revision. He expressed the need to revisit the SME policy as several dimensions have been left unexplored. There is urgent need to begin work from the primary sector which is the source for raw material and exactly what the SME policy envisaged. The SME policy 2007 also outlined plans for promotion of the manufacturing, trading and services sectors and targeted them for growth. He enumerated the big impact actions and urged the PC to install a credit guarantee scheme to make banks more comfortable in financing SMEs, adding that commercial banks need to be indemnified against defaults. APP

 

Published in The Express Tribune, May 15^th, 2014.

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