Government Assistance Offered to Businesses

The survival and growth of the business sector will reduce unemployment, increase GDP and foreign exchange earnings. This sector must therefore be support and encouraged by government.

Financing

Government assists local businesses by providing loans at low interest rates.

Protecting local industries

Custom duties charged on imported goods to protect local producers

Tax concessions

Reduced tax rates or tax holidays offered to industries will encourage production.

Subsidies

The cost of production is subsidised to reduce this cost to producers. For example, a subsidy offered on fertilizer to farmers.

Promotion

Local and international trade shows as well as general advertisements promoting business locally and overseas, for example, advertisements encouraging tourist to visit the region.

Training 

Government agencies set up to provide technical and managerial training.

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