State Economic Sector: Implementations for the development of MSMEs

In developing countries, a total of 99 percent of MSME Enterprises are the main driving force in manufacturing goods of the country and it also stands as the important sector of the country’s Gross Domestic Product (GDP). Likewise, the government is supporting the State Economic Promotion Fund for manufacturing, trading, inputs and human resource development which are the fundamental for the development of MSME enterprises. 

Micro and small scale enterprises don’t need to produce export products but they have to fulfill the materials that are necessary for local and the equipment which are essential for medium and large enterprises. If the MSME products are showcased both in product shows and trade fairs, it can support for implementing market promotion.

In order to develop human resources, 7 ministries are conducting 198 kinds of short-term and long-term training courses for the people who completed the middle school level education.The technical high schools are opened for those who completed the high school level education.