PM L.Oyun-Erdene: Giving out loans with 3 percent interest will greatly support business owners

2021-02-24 16:33:40

Ulaanbaatar /MONTSAME/. Yesterday on February 23, Prime Minister L.Oyun-Erdene became acquainted with the operations of entities that have resumed normal operations after getting the first dose of COVID-19 vaccine - ‘AstraZeneca’.

With the end of the public emergency readiness period, 95 percent of all entities have been allowed to operate, adhering to the infection control regime. Thus as starters, the PM became acquainted with operations at the State Department Store. 


During the lockdown period, only the supermarket section of the department store continued to operate per the duty to consistently supply food products. As an average of 25 thousand people make their purchases at the supermarket per day, all necessary tools and equipment including digital thermometers and disinfection cabins have been installed at the store entrance. Furthermore, staff members have been appointed to monitor the flow of customers, ensuring their adherence to infection control measures. 



Noting the importance of cooperation between the government and private entities, the Prime Minister said, “The government will do its best to create the conditions that allow entities to normally carry out their operations. Thus, private entities and employers must pay special attention to infection control measures, especially those involving their employees and staff.”


During the PM’s working visit, retailers also requested the prioritization of domestic manufacturers in being involved in soft loans, which has been reflected in the Government’s MNT 10 trillion comprehensive plan. 


In response, PM L.Oyun-Erdene highlighted that it would greatly support business owners if loans with 15-17 percent interest rates are reduced to an annual interest of 3 percent.