Sme Master Plan

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HIP 3: SME Investment Programme (SIP)
Dazzle Food Sdn Bhd has strong support and assistance from government agencies such as SME Corp, Agriculture Department, RISDA and MARA which helped in the form of funds and equipments.One of the challenges is hard to get the loans from the banks .Sin Chew newspaper stated that only 20% of the 560,000 SMEs manage to get bank loan. The Association of Banks in Malaysia (ABM) has announced that small and medium enterprises (SMEs) will now be able to know the reasons for their loan applications being rejected by participating commercial banks. Thus, this program is useful for Dazzle.

SIP is not useful and didn’t benefit Excellent Sdn Bhd because it is not a new business. Furthermore, it has a high sales growth every year. This means that this firm has strong financial position. AJ Food company has a tight cash flow and caused them lose out the potential overseas businesses. Furthermore, it was also very difficult for them to obtain bank loans as banks were very strict in providing loans to SMEs. AJ Food’s successful penetration into the hypermarket chains because the government instructed that the credit term be shortened. This HIP is useful for AJ Company to solve the financial problem and let the company to have more R&D. Datuk Hafsah (2012) said that “entrepreneurs do not place much importance on research and development (R&D) because of the hefty amount of investments required to realise it”.
The UPS survey interviewed 100 Malaysian SMEs to identify key competitiveness issues faced by them. The results indicated that labour cost, innovation and access to funding and working capital, are the main challenges faced by Malaysian SMEs. In 2008, the government has allocated RM3.2 billion for 198 SME development programs across all economic sectors. The main aims are to: enhance supporting infrastructure for SMEs, increase capacity building to strengthen SMEs, and improve access to financing.

HIP 4: Going Export

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