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SME SECTOR IN SRI LANKA. Definitions of SME’s Total Assets Value Excluding Land & Building less than Rs. 01 Mn- Micro Industries Total Assets Value Excluding.

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Presentation on theme: "SME SECTOR IN SRI LANKA. Definitions of SME’s Total Assets Value Excluding Land & Building less than Rs. 01 Mn- Micro Industries Total Assets Value Excluding."— Presentation transcript:

1 SME SECTOR IN SRI LANKA

2 Definitions of SME’s Total Assets Value Excluding Land & Building less than Rs. 01 Mn- Micro Industries Total Assets Value Excluding Land & Building Ranging between Rs 01 to 20 Mn- Small Industries Total Assets Value Excluding Land & Building Ranging between Rs 20 to 50 Mn- Medium Industries Source- Ministry of Industry & Investment Promotion, White Paper December 2003

3 Definitions of SME’s Capital Investment less than SLR 04 Mn is SME Source- Industrial Development Board Capital Investment less than SLR 20 Mn Excluding Lands & Buildings is SME Source- Export Development Board Contd:….

4 Definitions of SME’s  Capital investment less than SLR 20 Mn Excluding Lands & Buildings or Electricity usage 50 KwA is SME Source- Bank of Ceylon  It has Independent Ownership & Personalized Management Source- Small Business Act 1994 Contd:….

5 Importance of SME’s  A Breeding Ground for New Industries  Innovators of New Products  Using Potential Resources in Rural Areas.  Providing Large Job Opportunities  Requiring Minimum Investments  Supply of Cheap but Quality Goods & Services  Solution for the Unemployment Problem

6 Problems faced by SME’s  Financial Hardships  Technology Problems  Marketing Problems  Not Appropriate Access to BDS’s  Insufficient Knowledge on SME Sector (Marketing, Costing, Record Keeping )  Lack of Government Policies to Develop SME Sector  Lack of Personal Interests of Entrepreneurs to get Resources & Improvement  Competition between SME & MNs  No ways to Reach Internet Resources  Political Interference ( to Loan Schemes, Grantings, Trainings)


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