Legal Document

Title: On support of small and medium sized enterprises and services. 2019 /Revised version/
Type: Law
Issuing Agency: Parliament of Mongolia
Responsible Agency: Ministry of Food, Agriculture, Light Industry
Issuing Date: 06-06-2019

LAW OF MONGOLIA

June 6, 2019 Government House, Ulaanbaatar

ON SUPPORT OF SMALL AND MEDIUM ENTERPRISES AND SERVICES

/ Revised version /


CHAPTER ONE

GENERAL PROVISIONS

 

 

Article 1. Purpose of the Law

            1.1. Legislation to support small and medium enterprises and services is the Constitution of Mongolia, the Civil Code, the Company Law, the Law on Cooperatives, the Law on Partnerships, the Law on Government Special Funds, the Law on Credit Guarantee Fund, this law and these other legislative acts issued in accordance with the law.

Article 8. Policy direction of the state to support small and medium enterprises and services

            8.1.4. To increase exports and support the production of competitive products and services to replace imports;

Article 11. Small and medium enterprise development fund

            11.8. If a medium-sized enterprise or service provider exports its products, the Fund may provide up to 5.0 percent of the annual interest rate of the loan obtained from the bank.

Article 14. Powers of the State Great Hural

           14.1.2.Approve the source of funds required for programs, projects and activities to support small and medium enterprises and services;

           14.1.3. To discuss reports on the implementation of projects and programs implemented by the state budget, foreign loans and grants, and measures taken by the Government in the sector of small and medium enterprises and services;

 

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