The Assessment Of State Support Programs For Smes Development: The Case Of Damu State Program

Abstract

The purpose of our study is to analyze the effectiveness of the DAMU State Program for the provision of financial support to SMEs. We used an inductive grounded theory approach to build qualitative case study design research method by analyzing the primary data. The data were collected through a semi-structured interview from four randomly selected SMEs in various sectors such as trade, agriculture, and two from medical. Based on data analysis we found out that SMEs are using benefits of the financial support of the DAMU State Program as intended and generally satisfied with conditions and procedures. We provide practical recommendations based on our findings. This study contributes to government officials, policy makers and SME top management to enhance effectiveness and efficiency of their decisions.