Executive Summary.pdf - SME Corporation Malaysia
Executive Summary.pdf - SME Corporation Malaysia
Executive Summary.pdf - SME Corporation Malaysia
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10<br />
<strong>SME</strong> MASTERPLAN 2012-2020<br />
New <strong>SME</strong> Development Framework<br />
Aligning to National Aspiration<br />
new<br />
framework<br />
The Masterplan has proposed a new framework to align <strong>SME</strong><br />
development to the broader national aspirations of achieving<br />
a high income economy by 2020 via innovation-led and<br />
productivity-driven growth (refer to Chart 2). There are five<br />
elements to the new framework, namely vision, goals, focus<br />
areas, action plan and the institutional support. Each of these<br />
goals has specific targets that need to be met in order to<br />
achieve the macro targets in terms of <strong>SME</strong> contribution to GDP,<br />
employment and exports by 2020:<br />
• 41% share of GDP (2010: 32%);<br />
• 62% share of employment (2010: 59%); and<br />
• 25% share of exports (2010: 19%).
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