SME’s are the backbone of the Malaysian economy. They are accounted for more than a third of Malaysian (GDP) gross domestic product and employing more than four million people.
The National SME Development Council (NSDC) has continued to lead Malaysian SME development by providing strategic direction, defining regulation SME Funding Malaysia, and creating policies to encourage the growth of SMEs in all sectors.
Government authorities are taking steps to create regulations that make it easier for small and medium businesses to obtain non-bank SME Business Loan options, particularly for SMEs that are creative, high-growth, and engaged in new growth sectors. Financial options such as equity crowd funding, investment account platforms (IAP), and peer-to-peer (P2P) lending are altering the financial environment and are projected to give new options to SME Funding Malaysia.