Starting and planning a Business in Mauritius


Schemes for Industry Sector

 

1. Restructuring Working Group (RWG) formerly known as Economic Restructuring and Competitiveness Programme (ERCP): August 2010-December 2014

 

RWG comprises a number of schemes, as follows:-

 

Issue of Corporate Guarantee/Issue of Debentures

Purpose: Meant for deleveraging of highly geared companies through burden sharing between the company, the banks and SIC.

Target: For companies with turnover of above Rs 50m.

 

 

Equity Injection in the form of Class A ordinary shares

Purpose: Meant for deleveraging of highly geared companies through burden sharing between the company, the banks and SIC.

Target: For companies with turnover of above Rs 50m

Sale and Leaseback of Property

Scheme: Put in place by Mechanism for Transitional Support to Private Sector (MTSP) which provided funding to companies which were asset rich and cash poor by way of sale and lease back of the company’s property (land and building).
Purpose: Ease cash flow of companies for working capital requirements.

 

 

Import Facility
Scheme: Corporate guarantee under import facility is issued to the bank in favour of the company for the purchase of raw materials (either from overseas or from local suppliers) on additional export orders.
Purpose: Guarantee provided for purchase of raw materials on additional export orders.
Target: All companies in the manufacturing sector.
Eligibility criteria: Operating for at least 1 year and should provide evidences of confirmed orders.



RWG Credit Financing Scheme (RCFS)
Scheme: Comprises Factoring service to enterprises involved in B2B.
Purpose: Discounting invoices for companies having turnover of less than Rs 50 mn
Target: Companies having cash flow problems due to lengthy ageing of debtors.
The scheme is operated jointly by RWG and CIM Finance.

 

Leasing Modernisation Schemes (for purchase of new equipment and machinery)


LEMS 1, LEMS 2 & LEMS 3


Purpose: Acquisition and modernisation of production equipment.
Current Status:
As at August 2012, 171 enterprises have benefited from LEMS 1, 67 from LEMS 2 and 44 from LEMS 3
As at August 2012, 21 enterprises in the manufacturing sector have benefited from LEMS 1, 8 from LEMS 2 and 9 from LEMS 3
Expiry: December 2014



 

 

LEMS 4: Sale and Leaseback of existing machinery & equipment

 

 

Export Credit Insurance Scheme (ECIS)


Purpose: Insurance cover for export sales.
Expiry: December 2014

 

 

 

SME Financing Scheme under the Equity Fund

 

The scheme will function as follows:-

 

 

 

 

2. Support schemes: Development Bank of Mauritius (DBM)


COMMERCIAL WINDOW OF DBM

 

GOVERNMENT WINDOW OF DBM

Booster Micro Credit Loan Scheme

 

 

Booster (Micro Credit) Loan Scheme For Women entrepreneurs

 

 

 

Micro Credit Financing Scheme for Vulnerable groups

 

 

Quasi-Equity Financing Scheme

 

 

3. Mauritius Business Growth Scheme (MBGS)


A component of the Manufacturing and Services Development and Competitiveness (MSDC) Project, financed by the Government through a loan from the World Bank.

90 – 10 PAY BACK SCHEME

Payback “Start-ups Entrepreneurship” Scheme

For additional information, please refer to the website of MBGS:
http://mbgs.gov.mu