The General Authority for Small and Medium-Sized Enterprises “Monsha’at” that the number of beneficiaries of its recently launched initiatives has reached more than 2.6 million, as part of its efforts to help the small and medium-sized enterprise (SME) sector and entrepreneurs cope with the financial and economic impacts of the COVID-19 pandemic. Among the initiatives launched by “Monsha’at” at the onset of the pandemic were the launch of the Virtual Enterprise Support Center, and the establishment of the SME Support Council, which brings together decision-makers to discuss the latest developments in the SME sector.
The Authority also launched the “Monsha’at Academy,” which aims to provide remote training courses in a number of fields, in addition to the “Manshaat Windows,” which was launched to provide online consultations to beneficiaries. In addition, it deferred payments due under the indirect lending initiative for one year.
It is worth noting that government agencies in the Kingdom of Saudi Arabia have simultaneously launched a number of initiatives aimed at mitigating the economic and financial impacts of the novel coronavirus, whether directed at individuals, businesses, or investors.?
Yesterday marked the conclusion of the final session of the Business Support Council, held under the title “Business Resilience and Adaptability for Small and Medium-Sized Enterprises,” attended by the Undersecretary of the Ministry of Commerce for Commercial Affairs, the Undersecretary of the Ministry of Municipal and Rural Affairs for Planning and Programs, and the Assistant Executive Vice President for Operations, Branches, and Inspection at the Food and Drug Authority.
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