The Ministry of Industry, Trade and the Green and Digital Economy has launched, through Agence Maroc PME, a new generation of support programs for the revival of industrial small businesses which aims to give a strong impetus to their growth and competitiveness.
The current support programs have been reconfigured into two new programs with more attractive support rates and simplified access and payment conditions, the ministry said in a press release.
This is the ISTITMAR program, which supports investment in industrial small businesses, up to 30% of the investment program. Projects carried out in provinces and prefectures located outside the Atlantic Tangier-Casablanca axis can benefit from additional support of 5%.
The ministry adds that it is also the MOWAKABA program which provides for the assumption of technical assistance and consultancy costs for the benefit of industrial TPMEs of up to 80% for SMEs (instead of 70% currently) and 90% for very small businesses. The ceiling for support for creativity and co-development projects for very small enterprises has increased to 2 million dirhams (MDH) instead of 1 million dirhams previously.
In addition, two new support programs have been set up, namely the TATWIR program, which offers tailor-made support including both investment support and technical assistance and advice, for the benefit of Industrial small businesses investing in growth sectors, particularly those of green growth, industrial innovation and industry 4.0. The program also supports the acceleration of SMEs with high growth potential as well as investment projects for non-industrialized products currently in Morocco, thereby encouraging local industrial production.
The second NAWAT program focuses on support in terms of advice, expertise and technical assistance, for the benefit of very small businesses, self-entrepreneurs and project leaders with investment projects not exceeding 3 MDH, continues the same source.
The support covers both the pre-investment phase, through support for the development of business plans, as well as the post-investment phase, through support by experts and technical advisers for the development of business skills, managerial and entrepreneurial. In addition, this program offers a networking of its target for the sharing of experiences necessary for the success of projects, concludes the press release.
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