FUNCTIONS

  • Formulate and implement policies for SMEs and Cooperative Development;
  • Develop legal and regulatory frameworks for MSMEs and Cooperative Development;
  • Promote, coordinate and monitor innovative financing schemes for MSMEs and Cooperative Development;
  • Provide, coordinate and facilitate skills, entrepreneurship and management training that support the growth of SMEs and Cooperatives;
  • Promote the formation and development of clusters, business linkages and associations for SMEs and Cooperatives;
  • Provide business consultancy services to SMEs and Cooperatives;
  • Coordinate the provision of infrastructural facilities for SMEs and Cooperatives;
  • Conduct research into local and global trends to identify business opportunities for SMEs and Cooperatives;
  • Develop, maintain and update a database of SMEs and Cooperatives;
  • Administer the SMEs and Cooperatives Development Funds;
  • Liaise with and coordinate sector Ministries involved in the promotion of SMEs and Cooperatives;
  • Provide techno-preneurial training, e-designing, high tech manufacturing services to MSMEs and Cooperatives; and
  • Administer the Cooperative Act (Chapter 24:05) and SMEDCO Act (Chapter 24:12).