On the occasion of the International Day for Micro, Small and Medium Enterprises.. Al-Asfour: The Ministry's support for owners of micro-enterprises contributed to the economic empowerment of producti

26-06-2022

The Kingdom of Bahrain participates with the countries of the world in the annual celebration on the occasion of the Micro, Small and Medium Enterprises Day, which falls on June 27 of each year. And facilitating measures aimed at strengthening support for these projects, in addition to overcoming all obstacles facing their owners. This year’s topic revolved around the facilities provided by governments in order to ensure the continuity of small and medium enterprises to limit the effects of the outbreak of the Corona pandemic during the past two years. On this occasion, His Excellency the Minister of Social Development, Mr. Osama bin Ahmed Khalaf Al-Asfoor, affirmed the Kingdom of Bahrain's keenness to promote the projects of micro, small and medium enterprises, due to their vital role in achieving the goals of sustainable development, especially in the field of promoting innovation and creativity and providing decent work for all. In implementation of the royal directives of His Majesty King Hamad bin Isa Al Khalifa, the King of the Kingdom of Bahrain, and with the support and support of His Royal Highness, Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. With regard to the theme of the International Day for Micro, Small, and Medium Enterprises for this year about the facilities provided by governments in order to ensure the continuity of small and medium enterprises to limit the effects that resulted from the outbreak of the Corona pandemic during the past two years, Al-Asfoor referred to the financial package launched by the Kingdom of Bahrain at a value of 4.3 billion. A Bahraini dinar to face the economic repercussions of the Corona virus at the local level, since the start of the pandemic, in order to achieve sustainable health and safety for citizens and residents and the continuation of the state’s programs and its work in the field of sustainable development, and from that the state guarantees the support of many sectors, including support for self-employed workers and owners of medium enterprises And small and productive families. Al-Asfoor said that the Ministry of Social Development continued its path in supporting productive families through a step-by-step program for home projects, which provided support to owners of home projects, by giving them the opportunity to work from home, while providing for their needs during the period of the pandemic, and the program continues to provide many advantages that It guarantees them many advantages for developing their own projects and qualifying them towards entrepreneurship and moving from the circle of relying on social assistance to the circle of producers and economically dependent on their projects to provide their living needs, noting that 62 productive families or entrepreneurs have become owners of commercial records. The services provided to the members of the Step for Home Projects program consisted of providing free legal cover, in coordination with the relevant authorities, as more than 1,400 entries for working from home were issued since 2010, in addition to marketing in various “hypermarket” centers and participating in local exhibitions. And international, and electronic marketing through commercial platforms, and the provision of professional specialized training at the Design and Innovation Center and the Center of Excellence for the development of microenterprises at the administrative and production levels, in addition to benefiting from the voluntary insurance program at the General Authority for Social Insurance, in addition to the training courses provided in the affiliated social development centers. The ministry is dedicated to all segments of society throughout the year, from which more than 23,000 trainees benefited during the year 2021. His Excellency the Minister of Social Development referred to the important role played by the Family House for Microfinance (formerly the Family Bank) in enabling citizens with limited income and owners of micro and small projects, including those affiliated with the Step Home Projects Program, to finance their projects in accordance with the principles of Islamic law. Where it has provided its services (since the beginning of its establishment in 2009) to more than 6,000 Bahraini individuals and families, with an amount of approximately 15,000 Bahraini Dinars, in an integrated role with the system of services provided by the esteemed government and the entities supporting small and medium enterprises in the Kingdom of Bahrain. The Ministry of Social Development affirms the Kingdom of Bahrain's qualified national competencies, and its constant keenness to provide entrepreneurs and small and micro enterprises with job opportunities, economic growth and expansion of their scope of work, in accordance with legal frameworks, noting the importance of expanding the base of beneficiaries of the Step by Step program for home projects, which is added To the balance of leadership in the Kingdom of Bahrain.