3,382.96
The Standing
Committee on the Economy yesterday approved a Government proposal to issue
bonds worth MNT300 billion with a five-year maturity period. MNT100 billion will
go to the cashmere sector, MNT50 billion to lamb and camel wool factories and
to pay incentives to herders to supply wool to local factories, and the
remaining MNT150 billion will be for SME support. The committee wants the
Government to issue all loans from the money raised at 7% interest.
The committee also agreed to a proposal to pay a bonus of MNT2,000 for each
kilo of Grade 1 lamb and camel wool to members of cooperatives. The committee
will prepare the necessary rules by July 1 so that the money can come from the state
budget.
Committee on the Economy yesterday approved a Government proposal to issue
bonds worth MNT300 billion with a five-year maturity period. MNT100 billion will
go to the cashmere sector, MNT50 billion to lamb and camel wool factories and
to pay incentives to herders to supply wool to local factories, and the
remaining MNT150 billion will be for SME support. The committee wants the
Government to issue all loans from the money raised at 7% interest.
The committee also agreed to a proposal to pay a bonus of MNT2,000 for each
kilo of Grade 1 lamb and camel wool to members of cooperatives. The committee
will prepare the necessary rules by July 1 so that the money can come from the state
budget.
