Responsibilities

Vision

To become the key Government agency as facilitator for development financing.

Mission

Facilitate to formulate appropriate policies and strategies and mobilize financial resources for the development of MSMEs, financing primary sectors through necessary intervention with the relevant stakeholders.

 

OBJECTIVES

1. Mobilize the financial resources and removal of the market impediments for the development of MSMEs.

2. Strengthen institutional capacities for development of financial markets.

3. Enhance rural entrepreneurship especially for low income entrepreneurs.

4. Financing for primary sector in line with Government policy framework.

5. Implementation of relevant budget proposals of each year.

FUNCTIONS AND RESPONSIBILITIES

1. Facilitate to formulate appropriate polices, strategies and programs for the development of MSMEs of the economy.

2. Monitor and Review the market data to Identify key issues and provide solutions to the smooth growth of the MSMEs and micro finance sectors.

3. Review Government Subsidy Schemes to ensure economic development and facilitate to formulate appropriate polices.

4. Facilitate innovative policies, strategies and programs where ever necessary for micro finance sector.

5. Facilitate in enacting legislations for banking, insurance, MSMEs and financial sector if the market review illustrates the need.

6. Implement budget proposals and donor funded projects related to MSME sector, primary sector and other sectors coming under the purview of this department.

7. Compile all data on MSME’s of Industrial, Agriculture and Service sectors and analyze to identify the impediments and policy interventions.

8. Facilitate annual budget preparation process of the Government in respect of MSME sector, Banking sector and financial market and other sectors coming under the purview of this department.

9. Oversee implementation of Government sponsored financial assistance schemes.

10. Arranging local bank financing for development projects in MSME finance sectors in line with the Government policy.