SME Corp: SME Corporation Malaysia

Malaysia adopted a common definition of SMEs to facilitate identification of SMEs in the various sectors and subsectors. This has facilitated the Government to formulate effective development policies, support programmes as well as provision of technical and financial assistance.

In 2007, the NSDC decided to appoint a single dedicated agency to formulate overall policies and strategies for SMEs and to coordinate programmes across all related Ministries and Agencies. SMIDEC was tasked to assume the role and the official transformation into Small and Medium Enterprise Corporation Malaysia (SME Corp. Malaysia) commenced on 2 October 2009. SME Corp. Malaysia is now the central point of reference for information and advisory services for all SMEs in Malaysia.

Vision

The premier organisation for the development of progressive SMEs to enhance wealth creation and social well-being of the nation

Mission

Promote the development of competitive, innovative and resilient SMEs through effective coordination and provision of business support

Functions

1. Coordination of policies and programmes

  • Formulate broad SME policies across all sectors
  • Coordinate, monitor and evaluate effective implementation of policies and programmes across relevant Ministries and Agencies

2. Centre on advisory and information

  • Provide business advisory through the “SME Business Centre”
  • Disseminate information on Government funds and incentives on SMEs
  • Channel for feedback on SME issues
  • Liaison for domestic and international communities on SME matters

3. Management of Data, dissemination of information AND Research on SMEs

  • Manage National SME Database
  • Undertake research on SMEs
  • Publish SME-related reports and statistics
  • Undertake outreach programmes

4. Business support

  • Nurture and develop competitive SMEs through specific capacity building programmes and financial assistance
  • Enhance competitiveness of SMEs using the SME Competitiveness Rating for Enhancement (SCORE) diagnostic tool
  • Provide infrastructure support for SMEs
  • Facilitate linkages with large companies and MNCs

5. Secretariat to the National SME Development Council(NSDC)

  • Propose policies and ensure decisions of NSDC are effectively
    implemented
  • Provide administrative support for NSDC

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