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Published byBryan McGee Modified over 8 years ago
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SME SECTOR IN SRI LANKA
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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
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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:….
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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:….
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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
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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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