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5.1 The SME Development Policy (SMEDP): Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
It should be noted that the latest round of SME development policies are very recent. The MIT released its national SME Development Policy in 2003, a process it has been working on since 1998. The SME Development Policy was approved by Parliament on 11 February 2003 and officially launched on 27 August 2003. The overall objective of the policy is “to foster job creation and income generation through promoting the creation of new SMEs and improving the performance and competitiveness of the existing ones to increase their participation and contribution to the Tanzanian economy” (MIT, 2003). The implementation plan for the SME Development Policy includes a list of priority programmes and projects,24 categorized under seven major objectives:

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