Header Font Sizer

A- A A+

Header Color Change

     

Choose your language

NATIONAL SME DEVELOPMENT COUNCIL (NSDC)

Background

Introduction

Chaired by YAB Prime Minister, the NSDC is the highest policy-making body for the development of SMEs in Malaysia.

Established in 2004, the NSDC’s main goal is to ensure the comprehensive and coordinated development of SMEs across all sectors. The Council members comprise 13 Ministers as well as the Chief Secretary to the Government, the Director-General of Economic Planning Unit (EPU) and the Governor of Bank Negara Malaysia (BNM).

Objective

The objective of the Council is to ensure the comprehensive and coordinated development of small and medium enterprises (SMEs) across all sectors of the economy.

Functions

  1. Formulate broad policies and strategies to facilitate the overall development of SMEs across all sectors of the economy.
  2. Review the roles and responsibilities of Government M&A in relation to the development of SMEs across all sectors of the economy.
  3. Enhance cooperation and coordination, as well as to guide Government M&A to ensure effective implementation of development policies and action plans for SMEs across all sectors of the economy.
  4. Encourage and strengthen the role of the private sector in supporting the overall development of SMEs across all sectors of the economy.
  5. Perform any other functions conferred upon the Council under the SME Corp. Act.

Achievements

Based on the SME Masterplan 2013/2014 report, the NSDC has made significant inroads in shaping the growth of SMEs in Malaysia.

Among the achievements are:
  • Setting a common definition for SME (2004) and redefinition (2014);
  • Establishing a periodic census for statistical updates;
  • Crafting the SME Development Framework and the SME Masterplan andSME Act framework;
  • Establishing a Central Coordinating Agency (CCA) as a platform to gather the latest information and monitor the SME programmes by the Ministries and Agencies;
  • Ensuring centralized training for parties involved in SME development;
  • Initiating regular reporting on the outlook for SME development via the SME Annual Report and SMEIPA publications;
  • Introducing new financial products including micro-financing and guarantees; and
  • Strategising a financial infrastructure such as the SME Credit Bureau, Small Debt Resolution Scheme (SDRS) and transformation of developmental financial institutions (DFIs).

These positive developments affirm the NSDC’s strategy for SME development in the country. The comprehensive and structured approach adopted has been instrumental in driving the performance of SMEs and empowering them to achieve their potential.

Footer Logo

Visitors

Visits today:

Total visits:

lol