‘Soum development fund’ to be inspectedSociety
During its meeting on April 17, the Cabinet reviewed present situations of ‘Soum
development fund’ and made a decision to conduct a state inspection to the fund
with a purpose to improve its efficiency and develop its control system. Results
of the inspection will be reported to the Cabinet before July 1, 2019.
By the end of 2018, over 38.5 thousand individuals and entities received loans worth MNT187.5 billion, resulting in creations of over 20 thousand jobs. Currently, the Fund has receivables of over MNT 89 billion.