MCCI SME Marketplace

Budgetary Measures 2016-2017

Trade fees All SMEs (except gambling, liquor and cigarettes) will be exempted from payment of Trade Fees which are under Rs 5,000 for 3 years.
National Incubator Scheme Creation of a National SME Incubator Scheme with a matching grant of Rs50M.
Creation of Industrial/Business Parks Setting-up of a pilot Agri-Business Park at Highlands covering 100 acres. Setting-up of 2 new SME Industrial Parks at Plaine Magnien and Vuillemin. Conversion of the DBM Industrial Zone at Coromandel into an integrated SME Industrial Park.
Sectoral overview
Ease of finance
SME Financing Scheme Extension of the SME Financing Scheme for 3 years. Opening up the scheme to individual entrepreneurs. Interest rate brought down from 7.4% to 6 %.
Leasing Equipment Modernisation Scheme (LEMS) Reintroduction of LEMS.
Fast Track Desk Setting up of a Fast track desk at DBM for micro-enterprises.
SME Venture Capital Fund Merger of NRF Equity Fund and SME Partnership Fund into an SME Venture Capital Fund with a capital of Rs500M.
Factoring Services Factoring services to small businesses with a line of credit of Rs100M will be set up by the Government
Pre-Market Test and Certification Scheme A grant of up to Rs. 200,000 for a maximum of 5 products will be offered per eligible enterprise to assist them meet costs of pre-market test and certification of their products in line with the provision of the Food Act 1998.
Income tax holiday
* Qualifying activities:
1. ICT and other export services
2. Manufacturing
3. Bio-farming and other value added agri-business activities
4. Aqua-culture and other value added ocean economy related activities
5. Renewable and green energy
6. Handicrafts
7. Other productive sectors that will create employment
Objectives
  • National SME Incubator Scheme Support and mentor young entrepreneurs
  • New industrial parks Promote modern production techniques
  • LEMS Provide greater access to leasing finance
Source: Budget Speech 2016-2017

Australia

June 1995
Australian Chamber of Commerce and Industry (ACCI)

China

April 1997
China Council for the Promotion of International Trade (CCPIT) - Beijing
China International Economic and Trade Arbitration Commission - Shanghai
November 1998
CCPIT Guangdong Sub-Council
September 2008
CCPIT Qingdao
May 2007
CCPIT Qingdao

Austria

September 2014
Austrian Federal Economic Chamber

France

September 1996
l’Assemblée des Chambres Françaises de Commerce et d’Industrie (ACFCI)

India

November 1985
Federation of Indian Chambers of Commerce and Industry (FICCI)
May 1996
Confederation of Indian Industry (CII)
June 1995
Tamil Nadu Chamber of Commerce and Industry
January 2004
India International Trade Center
May 2004
Seafood Exporters Association of India
October 2005
Seafood Exporters Association of India

Kenya

January 2011
The Kenya National Chamber of Commerce and Industry (KNCCI)

Madagascar

November 2004
Fédération des Chambres de Commerce, d’Industrie, d’Artisanat et d’Agriculture de Madagascar

Malaysia

August 1994
The National Chamber of Commerce and Industry of Malaysia
June 2005
Malaysian Associated Indian Chambers of Commerce and Industry

Mozambique

September 2012
Chamber of Commerce of Mozambique)

Pakistan

October 2004
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)

Russia

May 2007
Chamber of Commerce and Industry of the Russian Federation

Sri Lanka

May 2004
National Chamber of Commerce of Sri Lanka

Tanzania

January 2011
The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA)

Thailand

August 2004
The Federation of Thai Industries (F.T.I)
February 2013
TUSKON

Turkey

August 2014
DEIK (Foreign Economic Relations Board)
TOBB (The Union of Chambers and Commodity Exchanges of Turkey)

Réunion

June 1995
Chambre of Commerce and d’Industrie de la Réunion
March 2002
L’Association pour le Développement Industriel de la Réunion

Seychelles

November 2005
Seychelles Chamber of Commerce and Industry
April 2014
Seychelles Chamber of Commerce and Industry

Djibouti

August 2008
Chamber of Commerce of Djibouti

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  • Budgetary Measures