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 Aspiring Entrepreneurs Existing Entrepreneurs 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 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 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 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 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 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 pre-market test and certification of their products

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