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About SME Masterplan

YAB Prime Minister Dato’ Sri Mohd Najib Tun Haji Abdul Razak announced that the implementation of the SME Masterplan is on track with the implementation of one of the first High Impact Programs (HIP) to be rolled out in early 2014. He said this following the 15th National SME Development Council (NSDC) Meeting which he chaired where the members comprise 16 Ministers and Heads of Agencies including Sabah and Sarawak.

 

The SME Masterplan released in July last year aims at raising the contribution of SMEs to the economy from the current 32% of GDP to 41% by 2020. Since 2004 until 2012, SME GDP has been growing at a faster pace of 6.6% compared to 5% of the overall GDP growth. With the implementation of the program, growth of SMEs is expected to pick up further. The Masterplan takes a different approach from the existing programs as it is based on public-private partnership whereby the lead agencies will undertake this programme in collaboration with the private sector.

 

NSDC endorsed the program design, institutional framework and implementation strategy of the Technology Commercialization Platform which is to enable more SMEs to innovate and commercialize their products and services. The TCP will provide end-to-end facilitation across the whole process such as advisory, technical assistance, market information, capacity building and financing.

 

At the 14th NSDC Meeting which was held in July 2013, SME Corp. Malaysia was entrusted by the Prime Minister to develop the Micro Enterprises Breakout Strategy. The Strategy is aimed at improving productivity and accelerating growth of Micro Enterprises (MEs) in Malaysia that cut across all economic sectors and inclusive enough to address the need and development of youth, women and rural communities.

 

Five (5) focused programs have been planned to be launched by 2014: StartMEup, GrowME, MarketME, FastTrackME and MEMoneymatter and SME Corp. Malaysia has been entrusted to proceed with these programs and achieve their deliverables. The deliverables among others are Utilization of the Start-up Kit; Application of Productivity Tool kits; Access to Online Markets; Awareness on Finance Availability and Accessibility; and Issuance of Productivity Vouchers.

 

Enabling e-Payment Program for SMEs and Micro Enterprises is a project under the Digital Malaysia initiative aimed at accelerating the adoption of e-Payment through acceptance of credit and debit card at a low cost. This will enable SMEs and MEs to increase potential sales. As of November 2013, 26,000 terminals have been deployed through 18,000 merchants.

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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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