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Starting Date: Wednesday, November 23rd,2016
Closing Date: Tuesday, November 29th, 2016
Topic: Government role & Conducive environment for SMEs
Objective of GDB
The prime objective of this discussion is to familiarize the students about different policies adopted by government for SMEs and to assess its role in developing SMEs.
After attempting this activity, students will be able to:
SMEs are considered the backbone of a country and they have become a reason of survival for many countries. We had such examples of survival from Japan, Korea, Taiwan, Hong Kong and Italy, who made tremendous socio economic progress due to fast pace development in SME sector. In Pakistan, the SME sector hasn’t been able to produce the desired result yet, due to many reasons and is still at par.
Government is trying its level best to uplift this sector by introducing many Institutes (Small & Medium Enterprise Development Authority, Technical Education & Vocational Training Authority etc.) and by launching many schemes and programs such as (Youth Investment Promotion Scheme, Benazir Income Support Program, Prime Minister Youth Loan Scheme). Many other processes has also been started like “one window operation” to facilitate entrepreneurs and to fasten the growth process.
However the result of such activities is far behind the expectations. Government is claiming that they had set a reasonable platform and provide the conducive environment for SMEs to develop. However the public doesn’t seem agree with the government stance and the debate is still on forums. The result is the pathetic condition of SMEs and low contribution towards GDP.
Keeping in view the above scenario, you have to satisfy the following requirements
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Microeconomic environments conducive to business
Improving the capability of stakeholders to create microeconomic environments conducive to business is a many-pronged endeavor. In an ideal case, a microeconomic environment conducive to business (an enabling business environment) may be characterized by, inter alia, simplified legal and regulatory frameworks, good governance, absence of corruption, plentiful and accessible finance, suitable infrastructure, an abundance of flexibly skilled and healthy labor force, an appreciation of enterprise among the society at large, access to non-labor inputs at competitive prices, etc. Simply said, it is where SMEs interact with the institutions, markets and organizations to gain competitiveness. A multitude of stakeholders, each having different levels of capabilities,operate in and interact with each other in this
as per your answer you think that government provide help full environment for sme,s?????
The Government is providing funds for the development of SMEs in Pakistan, but just paying attention to the funds is not enough.
Sir @+ M.Tariq Malik please little help with the Consumer Banking (BNK 603) as well ... Thank you
lecture 11 and 12 ...you should find your answer there