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MSMEDA pumps EGP 106M into 3,705 SMEs

MSMEDA pumps EGP 106M into 3,705 SMEs

ArabFinance: The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has injected up to EGP 106 million into 3,705 small and micro enterprises (SMEs) in Kafr El-Sheikh, Beheira, and Borg El-Arab areas, generating over 7,000 job opportunities, according to Salah Maged, director of the fourth area at the MSMEDA.

The fourth area at MSMEDA operates in the governorates of Alexandria, Kafr El-Sheikh, Beheira, and Matrouh.

Maged added that the agency has provided a package of non-financial services in the targeted centers, which included five training courses to develop entrepreneurship skills, and about 40 introductory seminars to explain the services provided by the Agency and discuss the new project development law and the advantages it offers to owners of enterprises.

The conditions for 30 projects have also been reconciled, 150 final and temporary licenses have been issued, 55 classification and privilege certificates have been issued, and customers’ assistance has been prepared to create feasibility studies to start their businesses. In addition, 21 projects have been registered in the suppliers’ registry, and the barcode service has been made available for three enterprises.

Additionally, four projects have been nominated to participate in the exhibitions held by the Agency.

This is a continuation of the efforts made by MSMEDA within the framework of the presidential initiative “Decent Life”, which seeks to ease the burdens of citizens and raise the social and economic level of the children of the targeted centers by providing them with new skills that help them meet the requirements of the labor market or establish small enterprises that provide job opportunities and achieves a qualitative leap in the lives of citizens in the most needy areas.

 

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