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Small and Micro Enterprises (SMEs) Development Agency said it has targeted to organize 2.2 million jobless youth in SMEs in the Growth and Transformation Plan period (GTP).
Opening a five-day training on 11th of October, organized to micro finance institutions, Agency Facilitation Deputy Director, Bekele Mengistu, said 11 billion birr loan will be granted to the youth interested to engage in SMEs.
He said steering committee has been established from Commercial Bank of Ethiopia (CBE), the agency and micro-finance institutions, among others, with a view to enhancing loan provision activities.
He called on financial institutions to contribute their own support to SMEs.
Ethiopian Micro-Finance Institutions General Manager, Dr. Wolday Ameha on his part said his institution is offering trainings to finance institutions eyed at building their capacity.