"Growing MSMEs is Growing PNG"
.
Making PNG the richest Black Nation
where no child is left behind."
Acts to protect and ensure economic independence through msme development is achieved
The Act to secure MSME development in PNG
Key Legislation and Policy Reforms
With changing development priorities and economic conditions, SME Corporation in response to the Marape government’s vision and priorities on developing the MSME and Agriculture sectors undertook key legislative and policy reforms in the last two years.
SME Corporation Act 2014
The result of these reviews were the development of the MSME Policy, SME Master Plan 2016-2030, and SME Corporation Act 2014. The result of these reviews were the development of the MSME Policy 2022, MSME Medium Term Development Plan 2022-2026, and MSME Development Authority Bill 2022.
Review of SME Corporation Act 2014 and The Emerging of MSME Development Authority Bill 2022
SME Corporation is currently reviewing the SME Corporation Act 2014. The new Bill drafted is called MSME Development Authority 2022. It will be out once it passes all the legitimate screening process.
We will keep you posted here.
