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KUALA LUMPUR: The Small Medium Enterprise Masterplan (2012-2020), which sets the roadmap and directions for the SMEs over the next eight years, is at the coordination, monitoring and evaluation stage to ensure its effective implementation, according to SME Corp Malaysia.

Its chief executive officer Datuk Hafsah Hashim said the agency was currently coordinating, monitoring and evaluating with more than 15 ministries and 60 agencies involved in SME development programmes.

“We have to coordinate with them to ensure there are no duplication of programmes in relation to the masterplan. As a mandated central coordinating agency for the masterplan, we need to ensure that the resources are well spent on SME development and to monitor the outcome of the programmes,” she told StarBiz in an interview.

In terms of monitoring, SME Corp was in active engagement with the relevant ministries and agencies to ensure there were no constraints and stumbling blocks for the various programmes under the masterplan, she added.

At the same time, Hafsah said it would evaluate and track the performance of the above ministries and agencies so that they were alligned with the masterplan, which relate to increasing business formation, expanding the number of high growth and innovative firms, raise labour productivity and intensify formalisation.

On whether the targets set for SMEs under

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