Gov’t Approves Further US$100-million Financial Support Scheme for SME Sector

• 17 August 2021
• Local News
• 2464 Views

The Ministry of Economy and Finance (MEF) has approved a financial support scheme for the SME sector Phase II with a budget of US$100 million after the first phase was successfully implemented, according to a press release on Monday 16 August.

The project aims to provide low-interest loans to SMEs in prioritised sectors such as industry and services to support their businesses amid the impact of the COVID-19 pandemic.

The scheme was joined by SME Bank of Cambodia Plc. and other 26 partner financial institutions.

According to MEF, this scheme is the second phase after the successful implementation of the first phase in April also with a budget of US$100 million and 33 partner financial institutions.

• Economy and Finance