D.Sarangerel, the Minister of Labor and Social Protection, gave the following information in her speech during the "From Welfare To Labor" discussion.
Self-employed and micro and small business holders now have the opportunity to have discounted loans, interest-free and collateral-free financial support. 50 percent of these citizens are women. We will ensure the participation of women, but the Ministry of Labor and Social Protection won’t allocate money for this. MNT 20 billion has been budgeted and it will be given to about 1,400 self-employed and small business holders. As a result, it is estimated that about 3,500 jobs will be created and saved.
Loans of MNT 28 billion, without any interest and collateral, will be given to 3500 self-employeds and livestock herders through provincial and district employment organizations. As a result, 5,200 jobs will be created. 50% must be given to women.
Short-term loans of up to MNT 1 million through smart phone application for self-employed and small business holders will be implemented on a trial basis in Ulaanbaatar, Darkhan-Uul, and Orkhon provinces.
D.Sarangerel, the Minister of Labor and Social Protection, gave the following information in her speech during the "From Welfare To Labor" discussion.
Self-employed and micro and small business holders now have the opportunity to have discounted loans, interest-free and collateral-free financial support. 50 percent of these citizens are women. We will ensure the participation of women, but the Ministry of Labor and Social Protection won’t allocate money for this. MNT 20 billion has been budgeted and it will be given to about 1,400 self-employed and small business holders. As a result, it is estimated that about 3,500 jobs will be created and saved.
Loans of MNT 28 billion, without any interest and collateral, will be given to 3500 self-employeds and livestock herders through provincial and district employment organizations. As a result, 5,200 jobs will be created. 50% must be given to women.
Short-term loans of up to MNT 1 million through smart phone application for self-employed and small business holders will be implemented on a trial basis in Ulaanbaatar, Darkhan-Uul, and Orkhon provinces.