Special funds open for applications

Special funds allocated for this year for the development of small- and medium- sized enterprises (SMEs) are open for applications to promote restructuring, technological innovation, market exploration and brand building.

The announcement was made by the Ministry of Industry and Information Technology and the Ministry of Finance earlier this month.

The funds are also for promoting the development of credit guarantee institutions and for helping SMEs in areas hit by the massive earthquake in May, as well as SMEs in some difficult industries such as textiles.