Chin State Industrial Inspection Department Deputy Director Tin Nyo has told Mizzima that a master plan would be drawn up for the development of Small Medium Enterprises (SMEs) in Chin State.
“SMEs were done in the past and now we are considering how to develop these here. There is very little land ownership in Chin State. Previously we could grant loans to people if they had documents such as land lease grants. Now a forum will explore how to draft a master plan for the development of SMEs and on how to grant loans without these documents,” he said.
He said that there was a population of 450,000 living in 9 townships in Chin State and only 30% of them were engaging in SMEs.
There are plans in Chin State to provide labour intensive technology for the service industry, technology for SMEs, and loans with bank interest. The forum for drawing up a strategic master plan for the development of SMEs in Chin State will be held in Hakha on June 15-16.
This forum is co-sponsored by Friedrich Naumann Foundation (FNF) and CAD and it is co-organized by Chin State Government, Chin State Municipal Committee, Chin State Electrical and Industrial Ministry and Naypyitaw Industrial Inspection Department Head Office.
The forum will be attended by about 60 legislators from the State Legislative Assembly, SME industrialists in Chin State, academics and experts, departmental representatives, CSOs and special invitees.