Partners meet to finalise incentive scheme for small businesses |03 July 2013

Early last week, the Ministry of Finance, Trade and Investment held meetings with the bankers and the Central Bank of Seychelles with the aim of finalising the modalities of the scheme and put in place the necessary instruments for the scheme to take effect by July 15, 2013.

As this scheme intends to work with the local banks, clear project proposals would need to be submitted to the banks for assessment in order for loans to be disbursed under the programme.
Towards this end, the Ministry of Finance, Trade and Investment is also liaising with local institutions to provide training for the entrepreneurs to acquire skills to better develop their business proposals.

So as to provide more clarity on the modalities of this scheme, the Ministry of Finance, Trade and Investment will publish a set of frequently asked questions and answers in the newspaper next week.