What role does CEDAR’s link to SME Bank play in MSME growth?

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CEDAR's integration within SME Bank enhances its capacity to support MSME development beyond financing.

The Centre for Entrepreneur Development and Research Sdn Bhd (CEDAR), a unit of Small Medium Enterprise Development Bank (SME Bank), plays a crucial role in advancing MSME growth by providing comprehensive capacity development programmes. This linkage allows CEDAR to offer services that complement SME Bank's financing initiatives, addressing the multifaceted needs of entrepreneurs. The Ministry of Entrepreneur Development and Cooperatives (MEDC) has entrusted CEDAR with RM11.5 million for various programmes this year, underscoring the perceived value of CEDAR's offerings in driving sector achievements.
CEDAR Receives Significant Funding for Capacity Development

MEDC has allocated RM11.5 million to CEDAR to spearhead entrepreneurial capacity development programmes. This funding encompasses several key initiatives, including a RM10 million sustainability incentive scheme and a RM1 million sustainable champions scheme. Additionally, RM400,000 is designated for a capacity development programme targeting entrepreneurs in the halal industry, aimed at improving compliance with halal certification standards. A pilot programme focused on intellectual property enhancement and registration also receives RM100,000.
SME Bank's Broader Commitment to Entrepreneurial Needs

SME Bank's ongoing commitment to nurturing micro small and medium enterprises (MSMEs) through CEDAR demonstrates an understanding of entrepreneurs' needs extending beyond mere financial assistance. This approach signifies a holistic strategy to support business growth by equipping entrepreneurs with essential skills and knowledge. This awareness is vital for fostering a more robust and competitive entrepreneurial landscape.
Support for Social Enterprises Through SEMy2030

Beyond general MSME development, SME Bank was entrusted with RM21 million in Budget 2023 to specifically bolster the growth of social enterprises (SEs). The Malaysia Social Entrepreneurship Blueprint 2030 (SEMy2030) serves as a framework to normalize and mainstream SEs by providing crucial support mechanisms. These include access to funding, accreditation processes, and upskilling programmes designed to enhance their operational capacity and impact.
CEDAR's Established Track Record in Entrepreneur Development

Established in 2013, CEDAR operates with the vision of becoming a centre of excellence for entrepreneur development and transformation. Since its inception, CEDAR has successfully supported SME Bank's financing objectives and has enriched over 75,000 programme participants. This has been achieved through a diverse range of research-based coaching, function-based facilitation, and entrepreneur-focused mentoring programmes.

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What role does CEDAR’s link to SME Bank play in MSME growth?

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