President Bharrat Jagdeo yesterday said he is prepared to pump $10M into the craft industry and announced an intention to slash the corporate tax on loans to the sector.
Meeting the Arts and Craft Producers Association at the International Conference Centre at Lilliendaal yesterday, the Head-of-State also said he is prepared to fund specialists to raise the quality of craft work produced here. Representatives of banks and financial institutions were also present. Jagdeo’s announcements were met with rousing applause by the craftsmen who also raised issues of concern to them, including local support for their products.
“Any bank who lends, and we have to work this out, into the development of the craft industry, then those banks will not have to pay the
