Definitions of Small and Medium Enterprises (SMEs)
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In 2005, the National SME Development Council (NSDC) approved the use of common definitions for SMEs in the manufacturing, manufacturing-related services, primary agriculture and services sectors.*** These definitions are applied by all Government Ministries and Agencies involved in SME development, as well as by the financial institutions.
The use of common definitions for SMEs will: * strengthen government efforts to create effective policies and support programmes for specific target ; * make it easier to provide technical and financial assistance to SMEs; and * allow for the identification of SMEs in the various categories and levels. For those who want to know more information about SMEs, kindly log on to SME Info website at www.smeinfo.com.my or click on the link below : |
 Definitions of Small and Medium Enterprises (SMEs) |
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*** Classification of economic activities is based on the Malaysian Standard Industrial Classification (MSIC) 2000 codes.
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