Article 25 of 2021: Free Membership Campaign for MSME Council

0


I am pleased to announce that this week the Council of Micro, Small and Medium Enterprises (MSMEs) is launching a special free membership campaign for MSMEs across the country. The initiative will be launched by the Deputy Prime Minister and Minister of Trade and Industry, the Hon. Sam Basil. There are three (3) main activities carried out by the Council.

Advocacy for MSME issues

The MSME Council is proud to be the voice of the small business sector in PNG. Through various platforms both in person and electronically, we communicate with MSME owners across PNG, understand their plight, and take that message to the government and relevant partners. Highlights include;

  • 2019 – Advocacy for the financing of SMEs to be provided. This resulted in an allocation of K 200 million to the sector in 2020. K 100 million was provided to BSP, K 80 million to NDB and K 020 million to the Ministry of Trade and Industry.
  • 2020 – Advocacy for relief from Covid19 with MSMEs. This resulted in the lifting of lockdowns and K 150 million in relief payments made directly to district development authorities and provincial governments.
  • 2020 – Lobby for the list of standby activities to be reintroduced to protect the small business sector.
  • 2020 – Recommended for tax relief for SMEs. This led the IRC to create a new concessional tax program called the “Small Business Tax”.
  • 2021 – Continued push for the reintroduction of the list of reserve activities. We have been informed that it will be tabled during the parliamentary session in August 2021.
  • Regular updates are also sent to our members nationwide to update them on key issues relating to the sector.

MSME capacity building programs

The MSME Council is aware of the need for our members to obtain entrepreneurial training and capacity building. We therefore work in partnership with reputable organizations to organize training.

  • In 2021, seeing the need for nationally administered financial literacy training standardization, we partnered with the Center of Excellence in Financial Inclusion (CEFI) to organize training of trainers programs.
  • This year, we are also working in partnership with Business Link Pacific to offer a range of affordable services to MSMEs.
  • As women and young people are marginalized sectors, the MSME Council develops specific programs for them.
  • We are also exploring partnership opportunities with aid agencies and foreign development partners to further support the sector.

Marketing promotion

The Council is also launching its own line directly from its member MSMEs nationwide to help centralize this information in a one-stop shop and help national and international clients find it. This platform will be launched this week.

To register for free, send an email to [email protected]


Leave A Reply

Your email address will not be published.