Mauritius: The Business Transformation Scheme (BTS) and a specialised Mobile App, the ‘SMEMU’, aiming to consolidate businesses and facilitate access of Small and Medium Enterprises (SMEs) and aspiring entrepreneurs to information, were launched today by SME Mauritius Ltd during, a ceremony held in Port Louis.
The Minister of Industrial Development, SMEs and Cooperatives, Mr Soomilduth Bholah; the Chairman of SME Mauritius Ltd, Mr Ravin Rampersad; and other personalities were present at the launching event.
In his address, Minister Bholah stated that SMEs play a significant role in the socioeconomic development of a country. He spoke of the hardships faced by SMEs and the introduction of the 10-year Master Plan for the SME sector to address their constraints and put forward a comprehensive strategic plan to make the sector an engine of economic growth as well as to build resilience.
SME Mauritius, he indicated, provides a series of schemes to help SMEs and strongly promotes an inclusive SME eco-system that empowers SMEs to emerge and grow to their full potential. The BTS Scheme, he said, will provide professional assistance to SMEs to redesign their enterprises to become more profitable and effective. The government will come up with similar Schemes to enhance the lives of entrepreneurs and ensure that they are provided with appropriate support plans, he added.
The Minister also emphasised the continuous training provided by SME Mauritius Ltd to form entrepreneurs, which, according to him, is very important to develop their skills and capabilities. He called upon SMEs to benefit from the Scheme to double their turnover and take their enterprises to greater heights.
For his part, Mr Rampersad indicated that some 15 entrepreneurs will be benefiting from the BTS Scheme and that others will benefit in due course. The Scheme will provide SMEs with a consultant to review and redefine their business model and strategies coupled with the adoption of the latest technology to maximise profit and enhance market readiness in the face of unprecedented situations and new challenges, he said.
Business Transformation Scheme
The Scheme seeks to: consolidate SME Internal capabilities and readiness to improve their endurance and resilience; include enhanced technology adoption, digitalisation, increased productivity, market readiness and use of green practices; and rest on investments in production technology, process re-engineering, training, greening and change management.
‘SMEMU’ Mobile App
The ‘SMEMU’ Mobile App aims to act as a facilitating platform to regroup the targeted audience; provide users with information on business trends, guidance for setting up and manage their businesses, best business practices and other SME-related events; and ease the application for schemes, training and participation in events organised by SME Mauritius.