Family and micro businesses encouraged to provide more jobs
Family and micro businesses are encouraged to provide more jobs.
Family and micro businesses are encouraged to provide more jobs. A memorandum of cooperation was inked by the Labor and Industry Ministries to help implement Mongolia’s long term sustainable development strategy through 2030, the state’s industrial policy, and the Mongolians with Jobs and Income program. Under the memorandum of cooperation, the ministries will jointly resolve issues for necessary training for family and micro businesses and resolve financing through concessional loans to support their activities. The ministries will also organize measures for promoting the products and services of family and micro businesses in the domestic and foreign markets. Having supported the micro business in accordance with the Law, it is hoped to provide opportunities for businesses to expand their activities and increase jobs.
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