Enquiry & FAQs

1. What is SME Corp. Malaysia and its functions?

The 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 International Trade and Industry (MITI).

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 Advisory 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

2. What is the definition of SMEs?

Please refer here for more details.

3. My company is interested to apply for SME Corp. Malaysia's Financial Assistance, what are the qualifying criteria?

To be eligible for the financial assistance, the following criteria must be met:

  • Companies must be incorporated under the Companies Act 1965;
  • Companies must comply with the definition of SMEs; and
  • At least 60% equity are held by Malaysian;
  • Enterprises incorporated under Registration of Business Ordinance 1956

4. What are activities defined under the 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 center, haulage;
  • Maintenance and repair of factory machinery and equipment;
  • Software development.
  • Automation of production line;
  • Design houses; and
  • Packaging services

5. Where can I get assistance and other incentives apart from those that are provided by SME Corp. Malaysia and other MITI agencies?

There are also assistance provided by other Ministries and agencies such as:

6. How can SME Corp. Malaysia assist my company?

SME Corp. Malaysia provides various financial assistance and development programmes:

7. 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.

8. What are other ministries involved in the development of SMEs?

List of Ministries :

9. Which bank provides micro finance?

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