1. Increasing spend on SMEs.
The government does this by giving more procurement contracts to SMEs and mostly targeted group like women, youth and people with disability. The government has set a legal framework where 30% of the legal spend in public entities is going to SMEs for youth,
women and people with disability.
2. Lessening legal requirements for SMEs.
There is a reduction in the series of permits that one had to acquire in order to operate a business to one single business permit.
3. Market enhancing policies.
This is done by carrying out market surveys which educate SMEs on the current trends in the market. It also identifies new markets for SMEs including international ones via various government institutions.
4. Taxation policy.
Sometimes the government allows manufacturers/SMEs to pass taxation costs to consumers. In some cases, it zero rates certain taxes on products which benefit both SMEs and consumers.
5. Public education or business.
The government via its various arms like SME authority and county governments carry out training to SMEs on basic and effective skills on how to run and operate a business.
6. Internet rates.
By regulating the current market interest rates to allow SMEs to obtain loans from banking institutions at favourable rates.
7. Provision of financing to SMEs.
This is via funds such as the youth Uwezo fund.
8. Price Controls.
The government sets price limits on certain items which negatively affect SMEs by reducing their profitability but favouring consumers.
