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FAQ

FAQ

1. What are SME Corp. Malaysia’s roles and functions?

Small and Medium Enterprise Corporation Malaysia (SME Corp. Malaysia) was formerly known as Small and Medium Industries Development Corporation (SMIDEC). It is an agency under the Ministry of Entrepreneur Development (MED)

Roles and Functions

 a. Coordination of Policies and Programmes

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

 b. Centre for Advisory and Information

  • Provide business advisory through SME Hub
  • Disseminate information on Government funds and incentives
  • Garner feedback on SME issues
  • Liaise with domestic and international communities on SME matters

 c. Data Management, Dissemination of Information and Research on SMEs

  • Develop and manage national SME database
  • Undertake research on SMEs
  • Publish SME-related reports and statistics
  • Undertake outreach programmes

 d. 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, MNCs and GLCs

 e. Secretariat to the National Entrepreneur and SME Development Council (NESDC)

  • Propose policies and ensure decisions of the NESDC are effectively implemented
  • Provide administrative support to the NESDC

 

2. What is the definition of SMEs?
Please refer here for more details.

 3. What are the activities defined under manufacturing-related services?

 Manufacturing-related services:

  • Engineering support services such as calibration, electroplating, machining, heat treatment, metal casting, metal forging
  • Specialised services such as warehousing, bulk breaking, international procurement centre, haulage
  • Maintenance and repair of factory machinery and equipment
  • Software development
  • Automation of production line
  • Designing houses
  • Packaging services

 

4. Apart from grants, what are other financing facilities offered by the Government?

Loans are also offered by the following institutions:

  • Bank Pertanian Malaysia
  • SME Bank
  • Malaysian Industrial Development Finance Bhd.

 
5. Which Ministries and agencies are also involved in the development of SMEs?

List of Ministries:

6. Which bank provides micro finance?

Please refer here to get list of banks that provide micro finance.

 

 

CONTACT US

SME Corporation Malaysia
Level 6, SME 1, Block B 
Platinum Sentral
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Info Line: 1300-30-6000
Fax Line: 03-2775 6001

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