National Small Enterprise Act

The National Small Enterprise Act is legislation designed to promote, support, and regulate small businesses within a country. It establishes a legal framework to define what qualifies as a small enterprise, outline government initiatives, and create institutions or agencies that assist these businesses. The Act aims to foster economic growth, employment, and innovation by ensuring small enterprises have access to resources, support programs, and a conducive regulatory environment. Essentially, it formalizes the government’s commitment to nurturing small businesses as vital drivers of the national economy.