… [Policies for modernizing and upgrading small and medium-sized enterprises] Specifically, the seven policies consist of the following: (1) modernization by industry based on the Small and Medium Enterprise Modernization Promotion Law (promulgated in 1963), (2) advancement loans under the Small and Medium Enterprise Corporation (promulgated in 1980), the equipment modernization loan system and equipment loan system under the Small and Medium Enterprise Modernization Fund Subsidy Law (promulgated in 1956, renamed in 1966 from the Small and Medium Enterprise Promotion Fund Subsidy Law), and the Machinery Credit Insurance Law (promulgated in 1961, the Machinery Installment Credit Insurance Temporary Measures Law was amended in 1966 to become a permanent law and was renamed in 1970). (3) A system of assistance for management improvement, such as diagnosis, guidance, information provision, training, technology promotion, and advice on overseas investment, by prefectures, the Small and Medium Enterprise Corporation, etc.; (4) A system of assistance for business cooperatives, fire insurance cooperatives, credit cooperatives, cooperative federations, enterprise associations, and the Small and Medium Enterprise Organization Law (promulgated in 1949) by business cooperatives, fire insurance cooperatives, credit cooperatives, cooperative federations, enterprise associations, and the Law on the Organization of Small and Medium Enterprise Organizations (promulgated in 1957) by the Small and Medium Enterprise Organization Law (promulgated in 1959) by the Small and Medium Enterprise Organization Law (promulgated in 1960) by the Small and Medium Enterprise Organization Law (promulgated in 1970) by the Small and Medium Enterprise Organization Law (promulgated in 1971) by the Small and Medium Enterprise Organization Law (promulgated in 1972) by the Small and Medium Enterprise Organization Law (promulgated in 1973) by the Small and Medium Enterprise Organization Law (promulgated in 1974) by the Small and Medium Enterprise Organization Law (promulgated in 1975) by the Small and Medium Enterprise Organization Law (promulgated in 1976) by the Small and Medium Enterprise Organization Law (promulgated in 1977) by the Small and Medium Enterprise Organization Law (promulgated in 1979) by the Small and Medium Enterprise Organization Law (promulgated in 1980) by the Small and Medium Enterprise Organization Law (promulgated in 1982 ... (5) The Small and Medium Retail Business Promotion Law (promulgated in 1973) provides assistance for the development of shopping districts, store consolidation, and voluntary chains, and assistance for joint economic enterprises and environmental improvement projects under the Shopping District Promotion Association Law, as well as restrictions on purchasing associations, permits for retail markets, and the establishment of small and medium retailers and businesses under the Special Measures Law for Adjusting Retail Commerce (promulgated in 1959). (6) Assistance for business conversion in designated industries under the Law on Temporary Measures for Small and Medium-sized Enterprise Business Conversion (promulgated in 1976); (7) Regional small and medium-sized enterprise measures, such as measures to promote local industries and small and medium-sized enterprises in production areas, and measures for specified depressed areas under the Law on Temporary Measures for Small and Medium-sized Enterprise Measures in Specified Industries Related Areas (promulgated in 1978 as the Law on Temporary Measures for Small and Medium-sized Enterprise Measures in Specified Depressed Areas, which was renamed in 1983). [Management stability policy] It consists of three measures: financial support, strengthening equity capital, and measures to prevent bankruptcies. *This page contains some explanations of terms related to the Machinery Installment Credit Insurance Temporary Measures Act. Source | Heibonsha World Encyclopedia 2nd Edition | Information |