STOCKS FOR SUPPORTING HERDERS TO BE ISSUED
Ulaanbaatar, Mongolia /MONTSAME/ At its regular meeting on Wednesday, the cabinet backed a draft resolution of parliament on permission to issue governmental stocks. The aim is to support the national enterprisers of leather products. This resolution will be submitted to parliament.
If the resolution is approved, opportunities will be created for entities to manufacture value-added leather products to replace the import and to export them. Job places will increase as well.
In view of this, it has been planned to issue stocks of MNT 140 billion. It will help process leather in home and give soft loans to the producers. Stocks of MNT 20 billion will be dedicated to the incentive of credit interest for meat factories that give leather to processing factories; and stocks of MNT 59.5 billion for the incentives for herders. The stocks will be issued for five years.
The resolution says that incentives will also be given to herder member of co-operatives for giving leather to the factories.
B.Khuder
If the resolution is approved, opportunities will be created for entities to manufacture value-added leather products to replace the import and to export them. Job places will increase as well.
In view of this, it has been planned to issue stocks of MNT 140 billion. It will help process leather in home and give soft loans to the producers. Stocks of MNT 20 billion will be dedicated to the incentive of credit interest for meat factories that give leather to processing factories; and stocks of MNT 59.5 billion for the incentives for herders. The stocks will be issued for five years.
The resolution says that incentives will also be given to herder member of co-operatives for giving leather to the factories.
B.Khuder
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