Page 11 - PDP Manifesto 2018

10 MANIFESTO : 2018
this sector as an important aspect of
our economy. We will facilitate access to nance for CSME through Priority Sector Lending (PSL), REDCL, micro nances
and BDBL nancial products. We will continue to enhance REDCL to provide nances for CSME and non-formal rural economic activities at a low interest rate
of 4% and without collateral. e REDCL will be expanded and it will o er a separate program for the youth and a separate program for women. We will support startup initiatives through support services such as capacity building, access to nance, obtaining clearance and licenses and establishing linkages.
2. Private Sector Development
We are yet to harness the full potential of the private sector. We recognize a lot must be done to stimulate growth in
the private sector. We will strengthen
the Better Business Council as an apex policy discussion forum between various stakeholders including the government. We will review legislations and rules and regulations to remove bottlenecks and red tape that a ect business growth. We will review regulations to address double taxation.
We will simplify procedures to make businesses friendlier and ensure Bhutan’s international ranking of Ease of Doing Business reaches the top 50th position in
the world. We will operationalize the four Industrial Parks of Bondeyma (Mongar), Dhamdum (Samtse), Jigmeling (Sarpang) and Motanga (Samdrup Jongkhar). In addition, we will develop mini-industrial estates in every dzongkhag. To enhance exports, we will upscale Brand Bhutan Initiative, incentivize businesses that promote exports, and diversify locally produced construction materials to reduce import of raw materials. We will promote employment creation in the construction industry by incentivizing construction companies that employ Bhutanese work force.
To address problems related to access to nance, we will facilitate access to cheaper loans and capital through REDCL and Priority Sector Lending (PSL). We will review Minimum Lending Rates (MLR) in close consultation with the central bank and explore all options to continue lowering the commercial lending rates
of loans and credits. We will also review and increase the loan equity for public transport buses, taxis and trucks from the current 30% to 70%.
3. Quality Healthcare For All
Good health is a prerequisite to lead a happy and meaningful life. As mandated by the Constitution, all Bhutanese will be gauranteed free healthcare services for all
PEOPLE’S DEMOCRATIC PARTY
UNITY. STABILITY. PROSPERITY.