So, it is appropriate to pay attention to the potential of small online businesses once they are formalized and registered in order to provide them with adequate support services,” he added.
Such services will include loans from government financial institutions, regulatory relief and extensions, technical training, product development services, marketing assistance, and logistics support.This proposal also aims to provide sufficient capital and credit access to those who wish to build an online business, and to have an online one-stop portal for all support services to provide adequate information, updates on developments and technological advancements,MSMEs account for 99.
Under the proposed law, agencies that will be involved in the portal are the Department of Trade and Industry, Credit Information Corporation, Technical Education and Skills Development Authority, and the Department of Information and Communications Technology.
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