Small and Medium Enterprises Development Authority of Pakistan

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Small and Medium Enterprises Development Authority of PakistanIntroductionObjectivesservicesPROJECTSSmall and Medium Enterprises Development Authority Ordinance

Text of Small and Medium Enterprises Development Authority of Pakistan

SMEDA Hailey College of Banking & FinancePage 1 Small & Medium Enterprise Development Authority SMEDA Hailey College of Banking & FinancePage 2 Introduction Small and Medium Enterprises Development Authority SMEDA PremierinstitutionoftheGovernmentofPakistanunderMinistryofIndustries.SMEDA wasestablishedinOctober1998totakeonthechallengeofdevelopingSmall&Medium Enterprises(SMEs)inPakistan. Withafuturisticapproachandprofessionalmanagement structureithas focusonprovidinganenablingenvironmentandbusinessdevelopment servicestosmallandmediumenterprises.SMEDAisnotonlyanSMEpolicy-advisory bodyforthegovernmentofPakistanbutalsofacilitatesotherstakeholdersinaddressing their SME development agendas. SMEDA Hailey College of Banking & FinancePage 3 SMEDA OBJECTIVES 1.Formulate Policy to encourage the growth of SMEs in the country and to advise the Government on fiscal and monetary issues related to SMEs. 2.Facilitation of Business Development Services to SMEs. 3.FacilitatethedevelopmentandstrengtheningofSMErepresentativebodies associations/chambers. 4.Setupand manageaserviceprovidersdatabaseincludingmachineryand supplier for SMEs. 5.Conducting sector studies and analysis for sector development strategies. 6.Facilitation of SMEs in securing financing. 7.Strengthening ofSMEsbyconductingandfacilitatingseminars,workshopsand training programs. 8.Donor assistances for SME development of SMEs through programs and projects. 9.AssistSMEsingettinginternationalcertifications(suchasUL,CE,DIN,JIS, ASME, KS, etc.) for their products and processes. 10. Identification of service opportunities on the basis of supply/demand gap. SMEDA Hailey College of Banking & FinancePage 4 Board of Directors 1.Minister of Industries & ProductionChairman 2.Secretary, Ministry of Industries & ProductionMember (Ex-officio) 3.Secretary, Finance Division.Member (Ex-officio) 4.Secretary, Ministry of CommerceMember (Ex-officio) 5.Chairman, Federal board of RevenueMember (Ex-officio) 6.Chief Executive Officer, SMEDAMember 7.Engr. Adeel Rauf, CEO, Khyber Match Industry, KP.Member 8.Mr. Muhammad Salim, Ex-Chairman, PPAM, Lahore.Member 9. Mr.ZulfiqarThaver,PresidentofUnionforSmalland Medium Enterprises (UNISAME), Karachi. Member 10.Mrs. Aamna Taseer, Director Zaiqa Channel, Lahore.Member 11.Dr. Abdul Nasir Kasi, CEO Agro Pak, Quetta.Member 12.Mr. M. Akram Malik, Ex-Federal Secretary.Member SMEDA Hailey College of Banking & FinancePage 5 Organogram SMEDA Hailey College of Banking & FinancePage 6 Services Financial Services Industry Support Program Information Resource Centre - IRC Legal and Contracting Services Technical Services Training Services Women Entrepreneurship Initiatives 1.Financial Services FinancialServices(FS)functionswithintheBusinessandSectorDevelopmentServices (B&SDS)of SMEDA.Asthenameimplies,FSisresponsibleforalldirectandindirect activitiesthatfulfilltheobjectiveofprovidingSMEswithimprovedaccesstobusiness development services. FinancialServicesnotonlyimplementsitsowninitiativestodesignandimplement programs but also plays a supportive and advisory role to other departments of SMEDA. SMEDA Hailey College of Banking & FinancePage 7 Banking Products & Services UponanalyzingqueriesreceivedatSMEDAhelpdeskfacilityandourinteractionwith sectorstakeholders,ithasbeenhighlightedthatSMEsrequireeasyaccesstofinance. Therefore,creatingawarenessofSMEspecificproductsandservicesbeingofferedby banksamongSMEsisconsideredanimportantmeasurebyustoenhanceSMEsaccessto finance.Financial Services adopts the following mode of reliable information dissemination: Financial Services collects and compiles information on a periodic basis from various banks abouttheirproductsdesignedforSMEs.ThisinformationisthenassimilatedasperSME understandinganddisplayedonSMEDAwebsiteinauserfriendlyformatasasearchable database and can be accessed throughBanking Products-Online Database Trainings, Seminars & SME Financing Helpdesk. To increase SME understanding on various financerelated issues, weconduct awareness seminarsandtrainingstodisseminateinformationonSMEfinancialservicesandproducts available,waystobridgethegapbetweenSMEsandbanks,accountingandbookkeeping issues,etc.TheseseminarsnotonlyincreaseSMEDAoutreachintothesectorbutalso highlight problemsfaced bySMEs while approaching banks; which are later addressed by SMEDA and discussed on various forums.

SMEDA,incollaborationwithbanksperiodicallyconductsHelpdeskforSMEFinancing wherebankrepresentativesevaluateSMEloanrequestsandSMEDAstaffhandholds eligible SMEs through loan processing and documentation processes. Supportive Role 1. Financial Analysis Financialanalysisisanimportantsectionofthecomprehensivesectorstudiesdeveloped internallybySMEDA.FinancialServicesisresponsibleforpreparingthissection;broad parameters include: Performance: Historical performance of the sector in terms of its financial viability SMEDA Hailey College of Banking & FinancePage 8 CompetitiveAnalysis:Variouscoststructuresandvalueadditionprocessespracticed in the sector SourcingofFinancing:Analyzefinancingmodesavailableandbestsuitedforthe sector 2. Financial Modeling ToascertainfinancialfeasibilityofindividualSMEbusinessesasperrequestofclients approachingSMEDA,FinancialServicespreparesextensivefinancialprojectionsusing comprehensivemodels.Thesefinancialmodelsarelivemodelsprovidingflexibilityto the user to evaluate viability of a proposed strategy under numerous scenarios. 3. External FinancialServicesworksverycloselywithFinancialInstitutions(FIs)indesigning financingschemesforSMEs.Moreover,thedepartmentdesignsprogramsandservices,in linewithSMEDAobjective,tosupportFIsbypromotingtheirSMEfriendlyfacilitiesto elevate the capacities of small and medium businesses. Advisory Services CarryingthecoremandateofSMEdevelopment,otherinstitutionsseekrecommendations andguidancefromSMEDApriortodevelopingSMEfacilitatingschemes.Inthisregard, FSprovidesinformationrelatedtofinancialconditionsoftheindustry;preparesreports backedbyrelevanthistoricalstatisticalanalysisandprovidesnecessaryrelevantdataas needed. 2.Industry Support Program SMEDA Hailey College of Banking & FinancePage 9 ThemanufacturingindustryinPakistanismostlylaborintensivewithalowlevelof automationhavinghighdefectratesandlowefficiencylevels.Asaresult,itisfacing seriousproblemsinincreasing,orevensustainingitsshareintheglobalmarket,causing unemploymentindifferentmajorindustrialsectors.Thesituationisworseningdueto currentenergyshortfall.Theincreasinginputcostsanddecreasingprofitmarginsare causingthreatstomanufacturing;amongothers,thesurvivalofSmallandMedium Enterprises(SMEs)isbecomingdifficultdaybyday. ThemanufacturingsectorofPakistanhasbeenrecognizedasamainengineofeconomic growth. An increase in competitiveness of the industrial sector especially good performance inexportmarketsisthereforecrucialforthenationaleconomy.Presently,the manufacturing sector is in dire need of productivity improvementat masslevel along with efficientutilizationofavailableenergyresourcesinordertosurviveinthecompetitive environmentoflocalandinternationalmarkets. SMEDAhasinitiatedanIndustrySupportProgramme(ISP)since2004withtheobjective totransfertechnicalexpertiseandknowledgetolocalindustrythroughinvolvementof International and Local Experts. IndustrySupportProgrammeoperatesincollaborationwithdifferentinternational organizationslikeJapanInternationalCooperationAgency(JICA),GermanInternational Cooperation(GIZ),Training&DevelopmentCentersoftheBavarianEmployers Association(bfz-Germany),AsianProductivityOrganization(APO-Japan),Senior ExpertenService(SES-Germany),UnitedNationsIndustrialDevelopmentOrganization (UNIDO)andWorldBankforitsvariousinitiatives.Throughinternationalorganization, ISP is offering different services to member mills of its local partners like Pakistan Hosiery ManufacturersAssociation(PHMA),PakistanReadymadeGarmentsManufactures& ExportersAssociation(PRGMEA),AllPakistanTextileMillsAssociation(APTMA),All PakistanTextileProcessingMillsAssociation(APTPMA),PakistanAssociationof AutomotivePartsandAccessoriesManufacturers(PAAPAM)andPakistanFoundry Association(PFA)andothers. SMEDA Hailey College of Banking & FinancePage 10 Through ISP, SMEDA has been providing technical guidance and consultancy to industrial sectorsintheareasofProductivityImprovement,QualityAssurance,CostReductionand EnergyEfficiency.ThisProgrammehasbeenfacilitatingdifferentindustrialsectors includingTextiles,AutoParts,Foundry,Fan,Furniture,Jute,LeatherFootwear,Food Processing etc.ToensurethesuccessofIndustrySupportProgramme,anIndustrySupportCell(ISC)at SMEDA was established in April 2004. The main objectives of establishing this cell are the capacitybuildingofSMEDAstaffandtoensurethecontinuityofdifferentinitiatives. ISCconsistsofprofessionalswhoworkcloselywithforeignexpertsforthedevelopment and up- gradation of local industry. 3.Information Resource Centre - (IRC) Library SMEDAInformationResourceCentre(IRC)hasbeenestablishedtocatertothe information needs of SMEs and stakeholders from both the public and private sectors. IRC maintainsacollectionofmorethan3400booksand CD-ROMs/DVDs besidessubscribing leading newspapers andmorethan20 journals ofinternationalreputeondiversebusiness sections and related fields. A number of full text online journals are also available for SMEs andresearchersondifferentfieldsofknowledge.IRCcollectionconsistsof databases, directories,reports,yearbooks,annualreports,andloose-leafmaterialthatare available for easy retrieval through latest library management tools. Hard format of training programsconducted bySMEDAarealsoavailableinIRC.SMEDAIRCcollectionis increasing by an aggregate 10 % every year.SMEDA Hailey College of Banking & FinancePage 11 SMEDA-IRCservesasaninformationrepositoryforentrepreneurs,researchstudents, academiciansandotherbusinessstakeholders.IRCisinformationresourcesharingpar

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