Under Secretary Technical acting of the Ministry of Commerce, Industries, Labour and Immigration (MCILI) Riley Mesapitu assured that the recently launched Mircro, Small and Medium Enterprise documents will help create opportunities for investment and employment.
Speaking to the Solomon Star in an exclusive interview, Mesepitu said MSME Policy Strategy 2016 and the MSME Business Loan Scheme will definitely boost employment opportunities for our people in the rural areas.
He said this initiative has came about after government realised that 80% of our population are rural dwellers, with resources in their land, thus the idea is to empower local entrepreneurs in the villages to participate actively in economic activities.
Mesepitu pointed out that economic base of Solomon Islands rely mainly on logging, fishery, oil palm, coconut and cocoa which is very small and not enough to cater for the growing demand for employment, by our jobless youths.
Hence, he said this scheme will at least mobilise our local entrepreneurs to a level that can help them productive in their small and medium businesses, where its spill over effects will resulted in the creation of job opportunities.
He added the scheme is properly coordinated and encourage partnership between government and the private sector, citing there are seven objectives, which is expected to achieve, during the implementation of the scheme.
He concluded these are incentives that go in line with the Democratic Coalition for Change (DCC) government policy, to enhance economic growth and development.