Congress enacts a law that authorizes the injection of S/150 million for the reactivation of MSMEs

Congress enacts a law that authorizes the injection of S/150 million for the reactivation of MSMEs

The transfer will be destined to the Mipyme Entrepreneur Fund and seeks to stimulate micro, small and medium-sized companies

With the objective of promoting the economic reactivation of micro, small and medium-sized companies through non-financial instruments for technological diffusion, promotion of business innovation, improvement of management and promotion of access to markets, the Congress of the Republic promulgated the law that authorizes the Executive Power to transfer S/150 million to the Mipyme Entrepreneur Fund.

In this way, the Ministry of Economy and Finance (MEF) will inject, during fiscal year 2023, said amount into the funds of the Ministry of Production (Produce).

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He Mipyme Entrepreneur Fund It was created by means of Law No. 30230, which establishes tax measures, simplification of procedures, and permits for the promotion and revitalization of investment in the country. This to increase the productive development and productivity of micro, small and medium-sized companies.

Likewise, Produce was authorized, exceptionally, to make financial transfers in favor of Corporación Financiera de Desarrollo SA (Cofide), from the balance sheet generated by the Microenterprise Development Fund (Fondemi), within the framework of the Contract Trust S/N between the Ministry of Production and Cofide.

Source: Larepublica

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