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Around 1 100 SMEs, have already benefitted from those schemes for the period July 2018 to November 2019 while some 1 300 have acquired applied knowledge and know-how in different specific fields including crafts, skills and aquaponics. Under the SME Employment Scheme, 940 graduates have been placed, while 550 degree holders and 82 diploma holders are in post as at date. Additionally, loan to the tune of Rs 443 Million from MauBank has been approved for some 196 SMEs under the SME Development Scheme Certificate.
Moreover, an SME Observatory to enhance SME market intelligence, has also been set up at SME Mauritius since September 2019. The key objectives of the SME Observatory include building data collection capabilities and mechanisms for SMEs and entrepreneurship information, including developing a National Entrepreneurship Index; identify markets in emerging industries with growth potential and network for its effective realisation; and assess regulatory and legal frameworks and propose improvements based on good governance principles and international best practices.
It will also target a benchmark performance for SMEs at the sectoral and macro level and propose improvements based on best practices as well as set up an effective mechanism to monitor, evaluate and report impact of policies and programmes. In addition, the Observatory will feed the Ministry and the Government with relevant data and statistics for evidence-based policy reviews.
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