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လုံခြုံစိတ်ချ မှန်ကန် မြန်ဆန် SMIDB Bank


Introduction of SMIDB

Incorporated as a public limited company under the auspices of the Ministry of Industry, the Small & Medium Industrial Development Bank (SMIDB) started its operations on February 15, 1996. The main objective of establishing the bank was to provide financial assistance to small & medium industries (SMI) in the country and thereby to support the government’s economic policy.

As the only bank in the country focused on SME, the bank endeavors to finance particularly the production sector. With the coordinated initiative of the Ministries of Industry and Finance, the bank has had the privilege of a credit line from the state-owned Myanmar Economic Bank (MEB). The bank offers subsidized SME loans with very reasonable interest rates to its customers to support the development goals of creating job opportunities and poverty alleviation.

SMEs are the backbone of the economy and play a vital role for the development of the country. However, SMEs themselves have major challenges such as lack of access to finance, market information, modern technology, technical assistance and others. Therefore, SMIDB considers that financial support is merely a single dimension for SME development and needs to extend technical assistance.