Given the rising demand for small working capital plus the money glut in the banking system, the Ministry of Economic Affairs is coordinating with the Ministry of Finance, the Bankers Association, different banks, the Small and Medium Business Credit Guarantee Fund and the Small and Medium Enterprise Development Fund to encourage the granting of loans to the SMEs.
With the Credit Guarantee Fund and the SMEs Development Fund providing guarantee for the approval of 80 percent of applied loans, enterprises are subjected also to shortened credit examination period and simplified loan processing.
