Subscribe to BizBeginners Newsletter.


 

Small and Medium Enterprises (SMEs)in Malaysia

The Small and Medium Industries Development Corporation (SMIDEC)-Malaysia

The Small and Medium Industries Development Corporation (SMIDEC) was established on 2nd May 1996. The establishment of SMIDEC was in recognition of the need for a specialised agency to further promote the development of Small and Medium Industries (SMIs) in the manufacturing sector through the provision of advisory services, fiscal and financial assistance, infrastructural facilities, market access and other support programmes.

SMIDEC strives to create resilient and efficient Small and Medium Enterprises (SMEs), able to compete in a liberalised market environment. The Corporation will promote SMEs to be an integral part of the country's industrial development capable of producing high value-added parts, components and finished products.

Policy Incentives Granted to Local SMEs in Malaysia

1. Grant for Business Planning and Development (ITAF1).

The maximum grant allocated per company is RM.40,000. Assistance is given in the form of matching grant where 50% of approved project cost is borne by the government and the remainder by applicant.

ii. Grant for Product and Process Improvement (ITAF 2).

The maximum grant allocated per company is RM.500,000. Assistance is given in the form of matching grant where 50% of approved project cost is borne by the government and the remainder by applicant.

iii. Grant for Productivity and Quality Improvement and Certification (ITAF 3).

The maximum grant allocated per company is RM 250,000. Assistance is given in the form of a matching grant where 50% of approved project cost is borne by the government and the remainder by the applicant.

iv. E-Manufacturing Grant.

The grant provides assistance for purchasing of ERP software for manufacturing and manufacturing related services. The maximum grant allocated per company is RM 500,000. Assistance is given in the form of matching grant where 50% of approved project cost is borne by the government and the remainder by the applicant.

v. Grant for Upgrading Engineering Design Capabilities.

The maximum grant allocated per company is RM 500,000. Assistance is given in the form of matching grant where 50% of approved project cost is borne by the government and the remainder by the applicant.

vi. Grant for RosettaNet Standard Implemetation.

The scheme provides assistance to local electrical and electronics (E&E) companies to implement RosettaNet, an internet based common messaging standard for global supply chain management.

The maximum grant allocated per company is RM 500,000. Assistance is given in the form of matching grant where 50% of approved project cost is borne by the government and the remainder by the applicant.

vii. Factory Auditing Scheme.

The scheme provides assistance to SMEs in undertaking diagnostic audit in manufacturing operations. This audit report is used to assess the SMEs requirement for various assistance schemes provided by the Government.

Initiatives to promote the development of competitive SMEs

The Fifth Meeting of the National SME Development Council has given focus to government's initiatives in promoting the development of competitive and resilient SMEs. The Meeting endorsed a number of key initiatives to further strengthen the enabling infrastructure to support development of SMEs. Strategies will be undertaken to promote the participation of banking institutions and specialized financial institutions in the microfinance industry.

In addition, the Council approved a set of proposals to enhance the marketing infrastructure to support greater global penetration of SME products and services through coordinated Government assistance programmes in the area of marketing .

For further details, please log on to http://www.smeinfo.com.my

Central Bank of Malaysia

Bank Negara Malaysia, as the Central Bank, is committed to excellence in promoting monetary and financial system stability and fostering a sound and progressive financial sector, to achieve sustained economic growth for the benefit of the nation.

The MCA ICT Resource Center (MIRC)

The MCA ICT Resource Center (MIRC) is set up by the MCA ICT Bureau to assist Malaysian SMEs leverage the use of ICT solutions and advanced business processes that will enable them to remain competitive in an era of globalization.

MIRC also seeks also create an environment that will develop world class technopreneurs and indigenous ICT companies that will contribute to Malaysia's economy.

MCA has recognized that the adoption of ICT by SMEs has been slow, due to a lack of knowledge and resources such as knowledgeable people and funding, therefore MIRC seeks to provide a range of programs that will bridge the digital divide by enabling SMEs make the transition over to the K-Economy.


Google
 
Web www.bizbeginners.biz

Copyright © 2002-2004, BizBeginners.Biz All rights Reserved.
Site Designed and Hosted by FlashWebHost.com
Disclaimer    Privacy Policy