MSMES to Benefit from $439 Million Govt Allocation to Productive Sector

Micro, Small and Medium-Sized Enterprises(MSMEs) are to benefit from some $439 million, which the Government has earmarked for fiscal year 2013/14, to facilitate growth and development in the productive sector.

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, said that 57 per cent of the funds, allocated through the Development Bank of Jamaica (DBJ), are slated for the Credit Enhancement Fund, through which businesses can access loan support.

The Minister was addressing a forum on: ‘The IMF Agreement- Implications for Small Business,’ hosted by the Jamaica Business Development Corporation (JBDC) and the University of the West Indies (UWI) Business Centre on April 11, at the Mona School of Business and Management (MSBM).