To promote, encourage and assist the development of small and medium scale enterprises in Sri Lanka.

To stimulate private sector initiatives in small and medium enterprises development.

To increase employment generation in the small and medium enterprises sector.

To enhance the production and productivity of the small and medium enterprises with increased employment opportunities in SMEs.

To safeguard and protect the business interests of small and medium enterprises.

To make representations to Government Ministries, Departments and Institutions and other organizations separately or collectively on matters considered detrimental to survival and growth of small and medium enterprises.