The overall objectives of SME development are to (a) create jobs and generate income, (b) improve SME performance and competitiveness, and (c) increase their participation in and contribution to the national economy (Abe and others, 2012).  There are several approaches that can generate jobs and increase income, including the creation of business opportunity and promotion of entrepreneurial spirit, among others. These approaches are in fact in line with the priority areas that are the foundation of SME development.

These priority areas are (1) enabling policy and regulatory environment, (2) market access, (3) financing accessibility, (4) technology acceptance, and (5) entrepreneurial capability.