The Hon. Minister of Financial Services and Good Governance, M.K Seeruttun was present on the occasion of the launch of 'Noubiznes SME Portal', organised by Cim Finance on 3 November 2022 at Caudan Arts Centre, Port Louis, Mauritius.
In his keynote address, he stated that with the new introduction of a digital platform, will help Government and the private sector in further positioning the SME sector and the Mauritian economy on a path of sustained growth.
He further stated that Government extended the olive branch to our SMEs by providing full support through the Wage Assistance Scheme and financing of additional remuneration. Furthermore, the recent Budget also introduced a slew of promising measures for entrepreneurs.
He highlighted that the broadened definition of SMEs whereby the turnover threshold for micro, small and medium enterprises has been increased and a new category of mid-market enterprises with turnover from Rs 100 M to Rs 250 M has been included under the SME Act in a bid to widen the net of businesses eligible to support and finance.
He further stated that as part of Government’s Vision 2030, it is our ambition to boost the contribution and performance of the SME sector as a key driver of inclusive and balanced growth.