The Ministry of Industry and Commerce (MoIC) states it has signed memoranda of comprehending worth over $12 million with 15 organizations to support and develop little and medium business (SMEs).
Throughout the finalizing ceremony, ministry officials stressed that job execution need to focus on support for individuals really engaged in financial activities.The ministry specified that 7,673 people in Kabul, Paktia, Paktika, Khost, Balkh, Kandahar, Logar, Kunduz, Baghlan, Badakhshan, Badghis, Faryab, Jowzjan, Nangarhar, Takhar, and Bamyan provinces will gain from these efforts.
The ministry&& 's spokesperson Abdul Salam Jawad Akhundzada stated, && These 15 organizations will carry out developmental, skill-building, and academic projects valued at $12,475,406, focusing on entrepreneurship training, carpet industry development, fashion jewelry, and handicrafts.&& Private sector representatives welcomed the relocation, mentioning that supporting SMEs will favorably affect Afghanistan&& 's economic and developmental activities.They included that consistent investment in the carpet industry could curb widespread joblessness and play a critical function in rural financial advancement.
Private sector members even more kept in mind that small businesses fulfill vital income needs for communities and will add to training expert and technical personnel, as well as cultivating development in large-scale markets.
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