The National SME Development Council
One major development during the 8MP and IMP2 periods was the establishment of the NSDC in June 2004. The Council, chaired by the Prime Minister, represents the Government's top-level commitment to promote SME development.
The Council is meant to coordinate inter-Ministry and Agency efforts on SME development, as well as provide a policy strategic framework for the industry going forward.
There are more than 12 Ministries and 38 Agencies supporting the Government's SME development efforts. Each of these organizations has been tasked with specific development objectives aimed at particular target groups.