<\/p>\n
The National Small and Medium Enterprise Development Council Chaired by the Prime Minister, the Council comprises of Ministers A Comprehensive Microfinance Institutional Framework <\/strong><\/font><\/p>\n The Council has approved the comprehensive microfinance The development of a sustainable and commercially-driven The Council approved the transformation of Bank Simpanan Nasional Credit cooperatives, are another important provider of microfinance Other institutions that will be offering microfinance are Bank Strategies will be undertaken to promote the participation of Bank Negara Malaysia will facilitate the development of a The development of a sustainable and commercially-driven Formation of SME Marketing Committee to Drive Global Marketing of SME Products<\/strong><\/font><\/p>\n The Council approved a set of proposals to enhance the marketing <\/font><\/p>\n<\/li>\n This approach will enhance the synchronisation of Government The move to enhance the marketing support programmes is timely as Launch of Inaugural SME Annual Report 2005<\/strong><\/font><\/p>\n The SME Annual Report is an important initiative adopted by the Secretariat<\/p>\n National SME Development Council<\/p>\n 7 August 2006 <\/font><\/div>\n
\nconvened its fifth meeting today and endorsed a number of key
\ninitiatives to further strengthen the enabling infrastructure to
\nsupport the development of SMEs. <\/font><\/p>\n
\nand Heads of 18 key Ministries and Agencies involved in SME development
\nand serves as the highest policy making body to chart the direction and
\nstrategies for SME development.<\/font><\/p>\n
\ninstitutional framework to promote the development of a sustainable
\nmicrofinance industry in Malaysia. <\/font><\/p>\n
\nmicrofinance industry is important to ensure that micro enterprises
\nhave adequate and continuous access to financing. The comprehensive
\nmicrofinance institutional framework is important as currently, 80% of
\nSMEs are micro enterprises.<\/font><\/p>\n
\ninto a specialised microfinance institution. Bank Simpanan Nasional
\nwill be introducing a loan package for micro enterprises, with a
\nmaximum loan amount of RM50,000 for up to 5 years. The loan will be
\nprovided to micro enterprises with viable business activities, at
\ncommercial rates with repayment incentives given to good borrowers. <\/font><\/p>\n
\nidentified and initiatives will be adopted to strengthen the
\ncooperative movement, including through the establishment of
\nSuruhanjaya Koperasi Malaysia. <\/font><\/p>\n
\nKerjasama Rakyat Malaysia Berhad and Bank Pertanian Malaysia. In
\nparticular, Bank Pertanian Malaysia will provide microfinance for
\nagriculture and agro-based businesses.<\/font><\/p>\n
\nbanking institutions and specialised financial institutions in the
\nmicrofinance industry. In this regard, in addition to the flexibility
\naccorded to establish up to four new branches, consideration will be
\ngiven to locally-incorporated foreign banks to have greater presence in
\nthe non-urban areas to conduct microfinance activities. In liberalising
\nthe banking system, emphasis would be towards attracting players who
\nare recognised as specialist in a specific segment, including
\nmicrofinance.<\/font><\/p>\n
\n"Graduation Programme" to enable micro enterprises to obtain the right
\namount and type of financing to meet their needs as their business
\ngrow. Through this structured programme, micro enterprises that require
\nlarger funds to finance its business growth will be assisted in
\nobtaining such financing from the providers of microfinance as well as
\nfrom the SME Bank and commercial banks.<\/font><\/p>\n
\nmicrofinance industry will complement the existing Government-sponsored
\nmicrofinance programmes undertaken by institutions such as Amanah
\nIkhtiar Malaysia and TEKUN.<\/font><\/p>\n
\ninfrastructure to support greater global market penetration of SME
\nproducts and services through coordinated Government assistance
\nprogrammes in the area of marketing. To achieve this, a two-pronged
\napproach will be undertaken, namely:<\/font><\/p>\n\n
\ninter-Ministry committee to be chaired by the Ministry of International
\nTrade and Industry, in collaboration with the respective Ministries and
\nAgencies to develop a comprehensive marketing strategy and
\nimplementation approach to effectively and efficiently market our SMEs'
\nproducts and services overseas; and<\/p>\n
\ninitiatives in planning and implementing overseas marketing strategies
\nwhile optimising the utilisation of resources and expertise. It will
\nfacilitate the development of export-ready SMEs and assisting them to
\nmarket their products internationally more effectively and efficiently.
\n<\/font><\/p>\n
\nSMEs have indicated that marketing is an area where they seek support
\nfrom the Government. With a more effective mechanism in place, the
\nGovernment hopes that the SMEs' contribution to total exports would
\nincrease, from the current estimate of about 16.6% of total exports.<\/font><\/p>\n
\nCouncil to enhance the dissemination of information on SMEs in
\nMalaysia. The SME Annual Report 2005 launched today, provides a review
\non the status and performance of SMEs, as well as the achievements of
\nmajor programmes undertaken by the Government for the year in promoting
\nthe development of SMEs. <\/font><\/p>\n