Increasing food production through promoting SME in Sri Lanka

The SME sector in Sri Lanka is considered as the backbone of the economy with their significant characteristics on employment generation, GDP growth, improving innovation capability and stimulating of other economic activities in Sri Lanka. In the country, more than 80% of businesses run by SME’s which are mainly in foods processing, manufacturing and construction field. In addition, they are supplying about 35 percent of employment and about 20 percent of total industrial value addition (Galagoda, 2008).

Strengthening and Promoting of SMEs in selected districts.

Figure 1 the SME holders who were 

participated at Matara Training Programme

 with Master Trainer from Cylone Chamber of 

Commerce on23rd Dec 2016

The National Human Resources Development Council (NHRDC) of Sri Lanka, a respective council coming under the Ministry of National Policies and Economic affairs targeted to empower the Small and Medium Industries through conducting training programmes in selected districts. Recently, three training programmes were held in Pollonnaruwa, Matara and Kandy District with the objective of enhancing of skills of SME entrepreneurs in Administration, Financial Managemnet, Market Identification,  Managerial Issues and Strategies and Policy Framework (Tax, Audit, Registration).

Will they think about FUTURE WORKFORCE ready @ today BUDGET?

Today many young people coming out of secondary education: only 25% attend higher education, where access is very low and inequitable. Of which too large a share of students are in humanities and arts relative to sciences/engineering (50% vs. 17%); great variation in quality and abysmal quality of External Degree Programs (40% of total enrollment) another 30% enroll in TVET with low quality and relevance to market needs the remaining 45% will have limited opportunity to acquire further job-specific skills (except on the job market).

On the other hand employers see skills shortage as a major constraint; and question the quality and relevance of general education, TVET and higher education. Therefore, the national education strategy needs to take into account that skill building is a continuous process starting from early childhood: “Skills beget skills” along the life-cycle. Focusing only on the end of the education cycle may be too late and not address the core issues.

Strengthen the education for the secondary level student in Batticaloa West Zone.

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RECOMMENDATION FOR EDUCATION DEVELOPMENT

Project Overview

Education in the largest sense is any act or experience that has a formative effect on the mind, character or physical ability of an individual. In its technical sense, education is the process by which society deliberately transmits its accumulated knowledge, skills and values from one generation to another.

Education in Sri Lanka falls under the control of both the Central Government and the Provincial Councils, with some responsibilities lying with the Central Government and the Provincial Council having autonomy for others. Sri Lanka's population has a literacy rate of 92%, higher than that expected for a third world country and it has the highest literacy rate in South Asia and overall, one of the highest literacy rates in Asia

Strengthen existing SMEs’ competitiveness is a corner stone of creating our workforce future ready.

  Existing SMEs trend in Sri Lanka

Small and Medium Enterprises (SMEs) are regarded as one of the main driving forces of economic development of all economies because they generate new employments, introduce new business methods and products, reduce poverty, inflation and income inequality and solve the balance of payment problem (Prasad, Tata and Guo, 2012; Singh, Garg and Deshmukh, 2010; Tambunan, 2008; Zeinalnezhad, Mukhtar and Sahran, 2011). Therefore, SMEs are cnsidered as the backbone of economic development of a country.

DEVELOP A BUSINESS MODULE OF TO BUILD SME CAPACITY IN CONSULTATION WITH Private Sector

 BACKGROUND OF THE PROJECT

Small and Medium Enterprise sector development is one of the key issues in developing and developed countries in the world.  SME is the playing the important role of the national economy. But there is no proper model in Small Medium Enterprises in Sri Lanka. Government and Private and institution are following various method. It is based on individual institution’s interest and policy and their regulation. There are 70% of the production are made by SME in Sri Lanka.  Future of this industry is dependents on the development of the new model. In Sri Lanka no basic law in SME, lack of integration among the industry, lack of management reform, lack policy reforms are in facing   in SME sector.

WHAT TO DO WITH NEW FUNDS?

"We all should focus on what concrete steps should be taken to improve all aspect of education- quality and standards of teaching, learning and evaluation; infrastructure that includes buildings, class room, laboratories, libraries and even cafeteria;development of academic as well as non-academic human resources; capacity building in administration and management; student and staffs welfare, scholarship; text books; research and publication" 

Discussed on the primary education sector development led by the chairman of this committee Marie E.S. Perera, Professor in Humanities Education and Dean of the Faculty of Education, University of Colombo at at Hector Kobbekaduwa Agrarian Research and Training Institute on 22nd May 2015.