Funding a Business
Funding A Business
Successful SMEs require support on all fronts, not least of all, financially.
In this respect, the Government has made access to financing a priority in its overall strategy for SME development.
Action taken by the NSDC on this front includes:
- Establishment of the SME Bank to nurture and develop SMEs through the provision of financial and non-financial services.
- Introduction of securitisation of SME loans to encourage further lending by financial institutions to SMEs.
- Introduction of new trade financing products for SMEs to encourage SMEs to export their goods and services to the non-traditional markets, especially to the member countries of the Organisation of Islamic Conference.
Last modified: 19 February 2008 18:27.
