The President instructed all financial institutions to provide working capital requirement loans at an interest rate of 4 percent and wave off interest payments for at least six months. This will be applicable for SMEs, tourism, apparel, plantation, IT and logistics sectors.
If you’re just starting out your venture, you’re low on cash, and just need to get started a Sole Proprietorship is probably your best bet. Sole proprietorship business in owned by one person. Because of this, there are many sole proprietor businesses than other forms of businesses. Many businesses that later become large corporations start out as small proprietorships.
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