The Myanmar Small and Medium Industrial Development Bank (SMIDB) is planning to lend Kyat20 billion (US$20.62 million) to industries within the country in the next fiscal year 2014-15 which begins on April 1, official sources said on Thursday. The SMID Bank has already granted K10 billion to 62 Myanmar entrepreneurs, sources said, adding that a total of 12 branch offices of the bank have been opened across the country.
At the coordination meeting of the Committee for the Development of the Industrial Zones held in Nay Pyi Taw on Wednesday, Minister U Soe Thane, the chairman of the committee, has called on entrepreneurs and businessmen to pay tax to the government so that it can work for the development of the industrial zones which in turn will create job opportunities for the people.
Meanwhile, a Small and Medium Scale Enterprise Bill has been brought to the parliament and is expected to be enacted in near future.
