Functions of the Corporation
The Corporation shall have the following functions:
(a) to promote and co-ordinate the development of small and medium industries in Malaysia;
(b) to undertake studies related to the development of small and medium industries;
(c) to undertake promotional activities in the country to promote the growth of small and medium industries;
(d) to establish a comprehensive database and information system on small and medium industries development programmes;
(e) to become the centre for collection, reference and dissemination of information related to small and medium industries;
(f) to provide technical support and management counselling services with the co-operation of other agencies involved in the enhancement of small and medium industries;
(g) to promote mutual co-operation among small and medium industries through amalgamation of businesses, technical co-operation, establishment of mutual fund or co-operative enterprise and the procurement of common equipment;
(h) to encourage industrial linkages with large industries;
(i) to promote human resource development in the small and medium industries; and
(j) to do all such matters as may be incidental to or consequential upon the discharge of its functions, from time to time.
Powers of the Corporation
The Corporation shall have power to do all things reasonably necessary for, or expedient or incidental to, the discharge of its functions under this Act and in particular, but without prejudice to the generality of the foregoing:
(a) to establish and maintain branch offices with the approval of the Minister;
(b) to appoint agents or obtain services for the purpose of carrying out its function under this Act;
(c) to establish a comprehensive database and information system on small and medium industries development programmes;
(d) to acquire and hold venture capital in any company with the approval of the Minister;
(e) to organize promotional activities for small and medium industries such as participation in trade exhibitions, seminars and conferences in Malaysia and abroad;
(f) to publish or sponsor the publication of periodicals, booklets and other information materials in any media; and
(g) to charge a fee for the use of any facilities or services provided by the Corporation.
Power to borrow
The Corporation may, from time to time, borrow in such form and at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise, as the Minister, with the concurrence of the Minister of Finance may approve, any sum required by the Corporation for meeting any of its obligations or discharging any of its functions or exercising any of its powers.
