Introduction to the Small Medium Enterprises Development Foundation
In 1993, the Ministry of Trade and Industry (1993) agreed to spend on small and medium-sized enterprises to support small and medium-sized production of ghee and butter oil from the US-Mongolia "Agricultural Product Assistance Agreement" between 1992-1993 between Mongolia and the United States Government. (former name) was established in the name of small and medium enterprise division.
In 2000, the Law on Government was amended and the Ministry of Industry and Trade was enacted by the Minister of Industry and Trade in 2000 and issued the A / 23 Order of the Ministry of Industry and Trade. It was considered as the beginning of today's SMEs by reorganizing the Small and Medium Enterprise Development Fund to operate independently.
The Minister of Food, Agriculture and Light Industry was established in 2009 by the Ministry of Food, Agriculture and Light Industry, "Small and Medium Enterprise Development Fund" and since then has been transferred to various ministries. Today, under the name of the Ministry of Food, Agriculture and Light Industry, there are 24 employees under the name of the Small and Medium Enterprise Development Fund.
MISSION AND OBJECTIVES:
It is aimed at strengthening the small and medium sized enterprises in the economy by providing small and medium enterprises with necessary soft loans and supportive loans and job creation. These include:
Providing long-term and concessional loans for SMEs;
Mutually exchange experiences of small and medium sized enterprises;
Organize activities to promote activities of small and medium sized entrepreneurs who have expanded their activities and expanded their activities to the public;