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Small and Medium Enterprise Development Authority

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Small and Medium Enterprises Development Authority (SMEDA)

In 2002 President of Pakistan promulgated a Presidential Ordinance (No. XXXIX OF 2002) for the assortment of the Small and Medium Enterprises Development Authority as an autonomous body under the Federal Government of Pakistan for encouraging and facilitating the development and growth of small and medium enterprises in the country.

SME definition

SMEDA defines Small & Medium Enterprises, as approved in SME Policy 2007, as an enterprise that has up to 250 employees, or a paid up capital of 25 Million PK Rupees, or an annual sale of up to 250 Million PK Rupees. The Federal Government, in line with the economic development of Pakistan may, from time to time modify the eligibility criteria as it sees fit. All providers of services receiving funding from the Government may define more narrow scopes for specific targeting purposes.

See also

Notes

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