At the Cabinet's weekly meeting on Thursday, Premier Cho Jung-tai received a briefing from the Ministry of Economic Affairs on a plan to diversify and revitalize the nation's micro-, small and medium-sized enterprises (MSMEs). The premier said that Taiwan's economic achievements and the strength of its industrial chains derive from the nation's 1.63 million MSMEs operating across a wide range of industrial sectors. As the government promotes hi-tech industries, it will provide fulsome support to MSMEs, so that they can build up strength and branch out into international markets.

Starting from 2025, the government will invest NT$11.6 billion (US$360.5 million) to assist MSMEs with digital and net-zero transitions, as well as domestic and international channel development; provide loan and tax incentives as well as additional supporting measures such as credit guarantee inducements; and establish a one-stop service portal for MSMEs.

Premier Cho explained that, under the plan, MSMEs which employ 30 people or less will receive inclusive loans to assist the transitions to digital and net-zero as well as channel development; the plan also provides subsidies of up to NT$100,000 (US$3,108) for each MSME transitioning to digital, in order support employee training and facilitate the acquisition of digital skills.