It is nice to hear that the Finance Committee of the Legislative Council has given approval to inject additional funding to the SME Funding Schemes, which are :
- The SME Export Marketing Fund (EMF) and SME Development Fund (SDF) will have an additional funding of $500 million;
- The total government loan guarantee commitment under the SME Loan Guarantee Scheme (SGS) will be increased from $6.6 billion to $10.6 billion;
- The application procedures for the EMF will be streamlined.
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