Deputy PM meets SME businesses in Arkhangai
First Deputy PM N.Altankhuyag was in Arkhangai province over the weekend, assessing the status of small and medium enterprises in the countryside. MNT 30 billion has been lent to SMEs this year, designated as Industry Encouragement Year. Last year 70 projects in Arkhangai got MNT845 million in loans and created 100 jobs. last year. This year, 47 organizations have taken MNT433 million worth loans.
Altankhuyag met businessmen of the province, including those who have taken loans, and also those and those whose proposals were not accepted. He heard their complaints and problems. He also visited factories and plantations of Gost Trade, Od Kr, Terguun Suvarga, Khatan Trade and Suvdan Tsonkh companies to see their operation after taking loans from the project. The companies took loans of MNT 8-30 million to buy and improve equipment.
Most companies and individuals said they did not get the full amount they had applied for, forcing them to trim their operation. Many also asked for softer conditions for a second loans and easier repayment terms. Altankhuyag promised to consider the matter. He also announced that a project worth 4 million euro will be implemented in the countryside to improve business education and provide information.
Altankhuyag met businessmen of the province, including those who have taken loans, and also those and those whose proposals were not accepted. He heard their complaints and problems. He also visited factories and plantations of Gost Trade, Od Kr, Terguun Suvarga, Khatan Trade and Suvdan Tsonkh companies to see their operation after taking loans from the project. The companies took loans of MNT 8-30 million to buy and improve equipment.
Most companies and individuals said they did not get the full amount they had applied for, forcing them to trim their operation. Many also asked for softer conditions for a second loans and easier repayment terms. Altankhuyag promised to consider the matter. He also announced that a project worth 4 million euro will be implemented in the countryside to improve business education and provide information.
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