Улаанбаатар
Targeted program approved on supporting small-sized business
PoliticsUlaanbaatar /MONTSAME/ Adopted on Monday by thecabinet meeting, this program on backing of small-sized business has been worked out in accordance with an amendment to the law on employment support.
By the program, it has been aimed to support the small-sized business with financial services, to augment a flow of cash, and to increase sales of small- and middle-sized business.
Within the Market and Pasture Management Development Project by international fund for agricultural development of the FAO, the program has been focused on delivering nationwide experiences of 454 business groups dominated by women in 50 soums of five provinces, on augmenting people’s income by providing local business with loans and credit services, on creating jobs, and on forming all conditions for transmitting into organizational structure.
