Minister of Finance, Planning and Economic Development, Dr. Renganaden Padayachy, has taken note of various proposals from the various players in the SME sector in anticipation of the 2021-2022. budget.

Proposals made by representatives include: extension of Wage Assistance Scheme and loan repayment moratorium to help SMEs overcome the economic crisis in the wake of COVID-19; an additional tax on imported products to encourage the public to buy locally manufactured products such as leather and its derivatives; and assistance in the face of the difficulties entrepreneurs face in receiving subsidies from Development Bank of Mauritius Ltd.

Source: Government Information Service

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