Transcript SMEDA Presentation

Support to SMEs
MRC, Ebène
29 September 2016
Contribution of SMEs to the Economy
• Number of SMEs : 126,185
• CONTRIBUTION OF SMEs TO GDP : 39.6%
• OFFICIAL ESTIMATES OF TOTAL EMPLOYMENT:
552,000
• EMPLOYMENT IN SMEs AS A % OF TOTAL
EMPLOYMENT : 54.6 %
Source: Statistics Mauritius
Target Customers
 SMEs
Annual Turnover of less than Rs50m
 Aspiring Entrepreneurs
Guidance, Advice and Business Planning for start up
 Existing Entrepreneurs
Expansion, modernisation or diversification of an
existing business
List of Services
Business Development Services
Licencing
Schemes
Business Development Services
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Guidance & Advice for Start Up
Break even Analysis
Business Planning
Advice on financing options
Link with Licensing bodies
Registration as an SME
SME Development Scheme
Licensing Unit
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15 Licensing Authorities
Business/Company Registration
BLP and Trade License
Utilities (CEB,CWA, WMA)
Income Tax & Customs
Health issues
Labour issues
Financing – Venture Capital
Other Services
• Managerial Training Courses
• Handicraft Training
Courses Wood/ leather / Fibre craft
Garment Design
Fashion Jewellery
Ceramics and pottery
Packaging
Floral arrangement
Innovative Initiatives
1. SMEDA Handicraft Training Academy
with collaboration with FDI , MGI for upgrading of creativity
and design in handicrafts.
2. SMEDA Business Development and Facilitation Centres
to accelerate the successful development of Start-ups and existing
businesses through an array of Business Development Services (BDS)
3. MOUs with Microsoft Ocean Indien / ACCA/ MCCI
for training of SMEs in ICT and Finance and for the
visibility/ marketing of craft products
SME Development Scheme
Certificate
 New Generation of Entrepreneurs
 Innovative & Value added enterprises
 Encourage Start-Up in Priority Sectors
Creation of New Employment
Promote Export
SME Development Scheme
Certificate
Eligibility Criteria
 Company / Cooperative Sty–
after 2 June 2015
 Project Value less than Rs 20 m
 Turnover less than Rs 50m
 Shareholders restriction
 Business in Priority Sectors
SME Development Scheme
Certificate
Priority Sectors
 ICT activities preferably in mobile
applications/ websites/software
development
 Manufacturing
 Bio-farming and Agri-Business
 Aqua-culture and Ocean economy
 Renewable and Green Energy
 Handicraft (locally manufactured)
SME Development Scheme
Certificate
Fiscal and other Incentives
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8 Year Tax Holiday
Business Support from MyBiz
Fast Track mechanism for clearances
Maubank Financing Scheme
Max Grant of Rs150,000 for
Training, Consultancy, Financial Management, Feasibility
Study and Technical Assistance
Maubank Financing Scheme
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90% Project Financing
Loan amount up to Rs18 m
Interest Rate 3 %
Repayment period up to 10 Years
Fixed and Floating Charges on assets
Grant of Rs10,000 for Feasibility Study
Process Flow-SME Development Scheme Certificate
Application form deposited with
documents at MyBiz
Project Approved by SME
Development Scheme Committee
Letter of Intent issued
Applicant apply for loan and
submit letter of sanction or other
proof of funding
SME Development
Certificate Issued
Bio Farming projects - Certification from Ministry of Agro Industry required
OTHER SCHEMES
SME Refund Scheme for Export promotion
events and Technology fairs- a grant of Rs
200,000 is provided per year to SMEs .
Pre-Market Test and Certification Scheme for a
grant of up to Rs. 200,000 for a maximum of 5
products per small enterprise engaged in food
processing to assist them meet costs of premarket test and certification of their products
Thank You