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Malaysia Government Grants for SMEs & Startups

Malaysia Government Grants for SMEs & Startups

IPO Roadmap – Start with Government Funding

Government Schemes

Cradle Fund

Cradle Fund Sdn Bhd (Cradle) is Malaysia’s early stage start-up influencer, and has helped fund over 900 Malaysian tech start-ups and holds the highest commercialisation rate amongst government grants in the country.

Cradle Investment Programme 300 (CIP300) is a pre-commercialisation programme which provides financial and value added assistance up to RM300,000 for entrepreneurs to kick-start innovative technology based business ventures.

DEQ800 is a form of equity investment of up to RM800,000 for local tech start-ups. This programme aims to fund local early stage high potential technology start-ups.

Cradle Seed Ventures (CSV) is the venture capital arm of Cradle. CSV manages an early stage venture fund based out of Malaysia and is always on the lookout for start-ups with high growth potential, led by passionate founders with high levels of enthusiasm.

Coach and Grow Programme (CGP) is a market driven coaching programme intended to bring together key players in the entrepreneurial ecosystem to support and fortify technology entrepreneurs grow their businesses to greater heights.

Angel Tax Incentive. Cradle administers the Angel Tax Incentive, which was designed for Angel Investors to be accorded a tax deduction of up to RM 500,000 in the third year. Its objective is to stimulate and encourage angel investments form the private sector into technology based start-up companies in Malaysia


Malaysia Digital Economy Corporation Sdn. Bhd. (MDEC) is the holistic, government-owned agency launched in 1996 to pioneer the transformation of Malaysia’s digital economy.

MDEC Digital Content Fund, also known as MAC3 Fund, is a government funding designed and created to support local creative content production companies in developing, producing, or co-producing digital content in animations and games.

There are three funds available for interested parties:

Development Fund focuses on the development stage of the Project, the stage where it involves idea generation, production design, market research and marketing analysis.

Production Fund focuses on the production stage of the project.

Co-Production Fund is designed to provide financial assistance to a project within the Eligible Project Categories to be co-produced by a Malaysian company and one or more foreign company(ies).


For 25 years, Malaysian Technology Development Corporation (MTDC) has been the key player in technology commercialization in Malaysia and promoting the adoption of technologies by local companies.

Technology Acquisition Fund (TAF) is for the funding acquisition and commercialisation activities of foreign technologies undertaken by Malaysia-owned companies. The technology to be acquired has to have already been proven in the country of origin. Additionally, the technology can and will be immediately incorporated into the applicant’s production processes.

Commercialisation of Research and Development Fund (CRDF) is for the funding of commercialisation activities of locally developed technologies undertaken by Malaysian-owed companies. The technologies can be those developed by the public sector or an output of in-house research and development (R&D) activities by the companies.

Business Start-up Fund (BSF) is established to fund new start-up technology-based companies. The Fund incorporates elements of loan and equity, offering companies flexible funding via Convertible Promissory Notes and/or Preference Shares.

Business Growth Fund (BGF). A funding program that focuses on growing the company not only on its production output and reach, but also on internal preparedness towards professionalism, corporate governance, and all the necessary tools to escalagte the company to the next level.

Halal Technology Development Fund (HTDF) Specially designed to finance and nurture small and medium enterprises (SMEs) for long-term growth and export through halal compliant activities.

Business Expansion Fund (BEF) it to accelerate the expansion of Bumiputera technology-based companies, especially in developing international markets, by providing financial assistance to qualified companies. It aims to create a group of icons of internationally successful Bumiputera companies.


Malaysia Venture Capital Management Berhad (MAVCAP) raison d’être is to support seed, start-up early stage to late stage companies in the ICT industry as well as other high-growth industries. (including but not limited to content and digital media, IOT, e-commerce, financial tech, etc)



The Malaysian Global Innovation and Creativity Centre (MaGIC) has set its mission of building and growing the entrepreneurship ecosystem in Malaysia including support startups going regional and global.

MyCreative Ventures

MyCreative Ventures Sdn. Bhd. is a Government investment arm launched in September 2012 to spur Malaysia’s creative industry via strategic and innovative funding through debt or equity investments in Malaysian creative companies. RM200 million was allocated from the 2012 Malaysian Budget to help boost the creative industry’s significance to the Malaysian economy.

Cyberview Living Lab

The accelerator is another government initiative, with multiple partners running the program (used to be run by Watchtower, 1337, and so on). Thus, the mentorship is provided by different people each year or when the vendors change. The website states that they provide Value Added Services Up to RM50k.

1337 Ventures

1337 is a technology accelerator and early stage venture capital focused on pre-seed and seed stage investments in Malaysia as well as South East Asia. Our primary investments are technology solutions (social enterprises, commerce and other out-of-the-box solutions)

Alpha Startups is a pre-accelerator program for idea stage startups. The FREE 5-day intensive bootcamp is open for founders with business ideas, where participants will tackle practical idea validation, product development and go-to-market strategisation exercises.

The 1337 Accelerator (pronounced leet accelerator) was formed to fund aspiring new and existing startups in the app development space. If you think your ideas are breaking grounds, we want to hear them!

Tune Labs

Tune Labs is a venture capital business established to detect, finance and grow startup enterprises that focus on travel, finance and retail.

It is worth mentioning that Tan Sri Tony Fernandes is acting as Co-Founder and Chairman of Tune Labs.

The company aims to grow startups by taking them through all steps of their development, from idea validation to the final go-to-market stage.

To this end, Tune Labs runs an accelerator and an incubator program that are designed to boost the startup growth by offering mentorship and operations support. They look for entrepreneurs who already have a minimum viable product (MVP) focused on mobile, travel, e-commerce and fintech.

Digi Incub8

Digi Incub8 is a pre-accelerator program from Digi Telecommunications that addresses idea stage startups. It has been formed as a partnership with 1337 Ventures and Alpha Startups program.

This workshop is open to entrepreneurs that want to verify and validate their business ideas by undergoing through a process of idea validation, product development and marketing strategies. To reach this end, they have partnered with MaGIC and Uber.

Digi Incub8 provides startups from Malaysia access to mentorship options, networking possibilities and funding for tech startups.

Axiata Digital Innovation Fund

Axiata Digital Innovation Fund has been created by Axiata, MAVCAP and Johor Corporation.

The three public and private companies established and organized a venture capital fund that starts at RM80 million and offers investments of up to RM10 million per company.

The main purpose of the fund is to encourage and develop the digital ecosystem in Malaysia via greater connectivity, latest technologies and local talent.

This common enterprise is looking to find and support innovative high growth companies and target industries from e-commerce, big data, IoT, traditional to cloud services and fintech areas, to mention just a few.

They also offer great access to investment teams, networks of experienced entrepreneurs and telco businesses that sum up over 320 million mobile subscribers.

Sunway iLabs Accelerator

The Sunway iLabs from Sunway Group has been established according to a partnership between Sunway University, Sunway Group and its venture capital division, Sunway Ventures. Sunway runs this accelerator in collaboration with Nexea Angels.

Sunway iLabs Accelerator brings together 20 entrepreneur teams for a one-month sprint before selecting the 10 best teams at the end and offer RM50,000 to each of them for the remaining 5 months of the accelerator program in exchange for 8% in equity.

The startups that will enter the Sunway Group’s program will also have access to the business’ resources spreading across 12 business lines, Sunway University’s labs, researchers and interns. Founders have to attend workshops and mentoring session, while setting-up business KPIs.

At the same time, Sunway iLabs Accelerator recognizes the startups’ need for mentorship, markets and legal advice. As a big plus, their program is open to everybody, not only for individuals from Malaysia.


Accelerators and government funding are very important for Startups in their early phases. Typically, accelerators add value to the company via validation of ideas, validation or market, or validation of growth. Apart from that, some accelerators are also able to add value via networks, mentoring, funding, and also via shared services like Finance, SEO, Marketing, or HR.

Since different businesses come with different needs, there is no one size fits all solutions. Some may need financial support, others may need mentoring and the right connections and others simply lack the necessary technical and marketing resources that can help them grow. Hence, take your time and choose wisely 🙂

企業一定要瞭解的政府補助計畫 – 不瞭解就虧大了

企業一定要瞭解的政府補助計畫	–   不瞭解就虧大了



政府補助計畫已經存在 20 年,但大約有近半數的企業主不知道有政府補助計畫,知道的又覺得遙不可及,因此估計大部分的企業長久以來都錯失運用政府資源的好機會。然而在實務上,我們屢屢看到許多企業因為懂得運用政府資源而快速崛起,並且能讓經營漸入佳境、企業日益壯大,例如有一家以大數據做行銷的公司,創業 7、8 年之間取得 5 個政府計畫,其從業人員則從創業的 2 人成長至近百人,就是運用政府補助最成功的例子。這樣的例子並非特例,在筆者輔導企業的同時, 就常常碰到。


首先,再次強調補助的意義,補助是給企業做研發創新的經費,它與貸款不同,補助是不用歸還的,但相對地必須要有效益,包括對企業的效益,對產業、國家乃至社會的效益,否則政府補助的經費就無意義了。所以, 申請政府計畫必須很清楚瞭解政府要的是甚麼,否則會搞錯方向。 其次,政府的補助計畫非常多,要完全認識、瞭解幾乎不可能,對企業而言,最常見的有 :


申請政府計畫時,必須提出一些文件,包括公司資料、勞健保資料、計畫書…等。其中以計畫書最複雜,也最重要。計畫是否能通過,通常計畫書扮演很重要的角色,因為它具有展現計畫創意、實力、效益,以及包裝、行銷整個計畫的功能, 所以想要取得政府經費,計畫書的撰寫必須好好下功夫。雖然說文章人人會寫,但寫計畫書卻有一些技巧與必須注意的事項,不深入瞭解是無法達到政府的要求。且計畫書各個部分整合起來,就表現出整個案子的構思與策略,必須好好規劃再動筆,避免東寫一塊、西寫一塊,但整合起來卻看不出整體性、邏輯性,那就無法獲得青睞了。


政府補助計畫的申請,第一步是提出申請,即投遞計畫書與公司文件給承辦單位。承辦單位收到後,會審查資料是否缺少,內容是否有誤,若有上述情形,會請企業修正、補足。然後,申請的資料會分發給審查委員,審查委員看完、提出意見, 回覆給企業,企業要針對委員意見回復,以上這個階段稱為「書面審查」。除了書面審查,承辦單會還會安排「會議審查」,主要是要進一步瞭解計畫內容,針對計畫書的疑慮面對面溝通。會議審查時,企業必須準備簡報檔向委員報告,重點在於委員意見的說明,然後委員提問,企業回答。這是整個申請流程,審查會議結束,委員就會決定是否補助經費,但不會當場公布,而是由專案辦公室行文正式通知。








Financing for Small and Medium Enterprises (SMEs) in Malaysia

SMEs are a critical component of the Malaysian economy, contributing more than a third of gross domestic product (GDP) and providing job opportunities to more than four million workers in Malaysia. Banking institutions is the main source of financing for SMEs, providing more than 90% of total financing. Provision of SME financing is also complemented by the Development Financial Institutions, Bank Negara Malaysia’s Funds for SMEs and Government Funds

List of Financial Institutions Providing SME Financing in Malaysia

Development Financial Institutions

  1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank) (
  2. Bank Pertanian Malaysia Berhad (Agrobank) (
  3. Bank Pembangunan Malaysia Berhad (
  4. Export-Import Bank of Malaysia Berhad (EXIM Bank) (
  5. Bank Simpanan Nasional (
  6. Bank Kerjasama Rakyat Malaysia Berhad (

Commercial Banks

Islamic Banks

AmBank to disburse RM 20B in SME Financing by 2021

AmBank (M) Berhad aims to disburse RM20 billion in loans in the next three years to spur SME development in Malaysia.

In line with its Top 4 Strategy, AmBank has undertaken several initiatives aimed at igniting SME growth.

The bank’s AmBank BizCLUB, a platform to help SMEs scale to the next level through financing and beyond financing initiatives, offers training, networking and publicity opportunities to SMEs. The second season of the AmBank BizRACE, the cornerstone initiative under the AmBank BizCLUB is underway. The business competition provides SMEs with the opportunity to win RM2 million worth of prizes.

This year’s competition has seen more than 1000 entries from SMEs across the nation. The Top 30 will today go through a business pitching session to impress the AmBank BizRACE panel of judges in order to be selected as one of the Top 10 finalists. The Top 10 finalists will then go on to the final pitching session and subsequently, the grand finale Awards Night on 26 April 2019.

Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group, said, “AmBank Group will continue to support SMEs through much needed financing. At the same time, we are also conscious of the need to go beyond providing companies with funding. Through our various SME-centric initiatives, we are focused on being there for our SME clientele, from cradle to IPO.”

In recognition of AmBank’s continuous efforts in support of the SME segment, the bank was recently named, the Best SME Bank for Malaysia by Global Banking & Finance Review, a leading UK based financial portal and print magazine.

In 2018, the bank disbursed RM6.14 billion worth of SME loans, marking a substantial 30.6% growth from RM4.7 billion in 2017. In order to enhance the support rendered to its SME clientele, the Bank looks to launch a purpose-built SME business banking service centre with a dedicated team to assist SMEs in their daily needs. The service centre is expected to be launched in the third quarter of 2019.

The Group’s strategic collaboration with Credit Guarantee Corporation Malaysia Berhad (CGC) to develop as well as to provide financing to the SME segment in Malaysia, saw an additional RM100 million allocated in January 2019 to finance Proton dealers. AmBank has launched 9 Portfolio guarantee (PG) schemes with CGC amounting to RM2.25 billion between 2015 to 2019.

Over these two seasons, AmBank BizRACE has received close to 2,000 entries. Successful participants of AmBank BizRACE have received over 100 hours of training and development in key areas such as leadership, strategy, culture and innovation.

In the first season of the AmBank BizRACE that was held last year, the Top Five attended a learning trip to China where they were exposed to many companies with unique cutting-edge business models. The Top Five SMEs gained valuable insights on how these organisations grew and scaled their businesses. In addition, the winners had the opportunity to meet and network with innovative and global-minded business leaders.

AmBank completed its second BizCONFERENCE series last year consisting of five nationwide conferences that were held in Pulau Pinang, Kuala Lumpur, Klang, Melaka, and Johor. Each event featured local entrepreneurs and subject matter experts from various industries who shared their entrepreneurship journey. Three of the BizCONFERENCE sessions were catered to bilingual Malaysians, enabling a more inclusive learning environment.

Another branch of the AmBank BizCLUB is the AmBank CEO Chat Sessions, a series of chat sessions featuring talks by renowned CEOs, captains of industries and thought leaders in Malaysia. The small and exclusive sessions allow entrepreneurs to network and connect with speakers.

This year’s AmBank BizRACE official partners include UTM Azman Hashim International Business School (AHIBS), Microsoft Malaysia, EY, Media Prima and MasterCard.

Participating businesses will stand a chance to win RM 2 million worth of prizes including a development programme worth RM310,000, a China learning field trip worth RM340,000 and a UK-based executive development programme worth RM265,000, in addition to various awards.

AmBank looks to continue its efforts for the SME segment through a series of knowledge sharing sessions by relevant subject matter experts that will address topics relevant to the SME market. The series will cover key topics including Internet of Things (IOT), HALAL Hub, Green Business, Branding & Marketing as well as People & Culture.

For more information on AmBank BizRACE, visit

by Focus Malaysia

善用政府補助金, 小企業做成大企業




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Government Funding for Malaysian Startups

Malaysia Government came out with many financing schemes that meant to help the SMEs to start or grow their businesses. The followings are listing of some of the financing schemes that are available to startups:

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SME Loan & Grants by Malaysia Government

To support the development of SMEs, the Government of Malaysia provides a comprehensive set of programmes through various Government Ministries and Agencies, which are broadly categorized into “Financial Assistance” and “Business Support Services”


  • Soft loans
  • Grants
  • Equity Financing
  • Venture Capital
  • Loan Guarantee Scheme
  • Tax Incentives (Pioneer Status: 70% – 100% tax free up to 10 years & Investment Tax Allowance)


Ministry of International Trade and Industry (MITI)

SME Corp. Malaysia
Bank Perusahaan Kecil & Sederhana Berhad (SME Bank)
Malaysia External Trade Development Corporation (MATRADE)
Malaysian Industrial Development Authority (MIDA)
Malaysian Industrial Development Finance Berhad (MIDF)

Ministry of Finance (MOF)

Bank Pembangunan Malaysia Berhad (BPMB)
Amanah Ikhtiar Malaysia (AIM)
Export-Import Bank Malaysia Berhad (EXIM Bank)
Malaysia Debt Ventures Berhad (MDV)
Malaysian Venture Capital Management Berhad (MAVCAP)
Tabung Ekonomi Kumpulan Usaha Niaga (TEKUN)

Ministry of Agriculture and Agro-based Industry (MOA)

Agrobank Malaysia

Ministry of Science, Technology and Innovation (MOSTI)

Malaysian Biotechnology Corporation Bhd (MBC)
Malaysian Technology Development Corporation Sdn Bhd (MTDC)
Multimedia Development Corporation (MDeC)

Ministry of Rural and Regional Development (MRRD)

Majlis Amanah Rakyat (MARA)

Ministry of Domestic Trade, Cooperative and Consumerism (MDTCC)

Bank Kerjasama Rakyat Malaysia Berhad (BKRMB)
Perbadanan Nasional Berhad (PNS)

Ministry of Plantation Industries and Commodities (MPIC)

Malaysian Timber Industry Board (MTIB)


Bank Negara Malaysia (BNM)
Perbadanan Usahawan Nasional Berhad (PUNB)
Credit Guarantee Corporation Malaysia Berhad (CGC)
Commerce Asset Ventures Sdn. Bhd.
Mayban Ventures Sdn. Bhd.

List of Government Grant and Loan Scheme for SME and individuals

The Malaysian government has come out with many financing schemes to help SMEs start or grow their businesses. The efforts of the government to encourage SMEs can be seen from improved and more beneficial financing schemes that have come out year after year. There are many types of government financing scheme offered by various government agencies open for application.


  • CGC DAGS Start Up (All Sector)
  • Cradle Investment Program by Cradel Fund Sdn Bhd (Technology-Oriented)
  • SME Bank Bhd (Manufacturing / Industrial / Service)
  • MIDF (Manufacturing / Service sector)
  • Ministry of Tourism Malaysia
  • MSC Technopreneur Pre-Seed Fund
  • MARA (Bumiputera Entrepreneur)
  • AIM (Agensi Inovasi Malaysia)
  • SME Corp (All Sector)
  • BANK RAKYAT (All Sector)
  • TABUNG HAJI (Lembaga Tabung Haji)
  • NEF (New Entrepreneur Foundation)
  • PNS (Franchise Financing)
  • PUNB (Bumiputera Entrepreneur)
  • MAVCAP (Venture Capital)
  • MDEC (ICT)
  • MTDC (Technology-Based)


  • MSC (Multimedia Development Corporation)
  • MATRADE (Malaysia External Trade Development Corporation)
  • MBC (Malaysian Biotechnology Corporation)
  • Ministry of Tourism Malaysia
  • Shell Malaysia Sustainable Development (SD) Grants scheme
  • CIP (Cradle Investment Program)
  • MTDC (Malaysian Technology Development Corporation)
  • MOSTI (Ministry of Science, Technology and Innovation)
  • MDEC (Multimedia Development Corporation)
  • NEF (New Entrepreneur Foundation)


  • Credit Guarantee Corporation Malaysia Bhd (Cgc)
  • Ministry Of Tourism Malaysia
  • Sme Bank (Bank Perusahaan Kecil Dan Sederhana Malaysia Berhad)
  • Working Capital Guarantee Scheme (Wcgs)
  • Malaysian Industrial Development Finance Bhd (Midf)
  • Green Technology Financing Scheme (Gtfs) – Loan Guarantee
  • Perbadanan Usahawan Nasional Bhd (Punb)
  • Perbadanan Nasional Bhd (Pns)
  • Malaysia Debt Ventures Bhd (Mdv)
  • Bank Pembangunan Malaysia Bhd
  • Sabah Development Bank Bhd
  • Agrobank (Bank Pertanian Malaysia)
  • Bank Rakyat Malaysia Bhd
  • Export-Import Bank Of Malaysia Bhd (Exim Bank)
  • Bank Simpanan Nasional

SME WCGS 2 中小型企业贷款无需抵押

To assist viable companies with shareholder equity below RM20 million, to gain access to financing, to maintain their operations under the current challenging economic environment.

Eligibility criteria
Legally registered Malaysian-owned companies (at least 51%) in all economic sectors, with shareholder equity below RM20 million.

Financing limits
Minimum: RM100,000.
Maximum: RM1 million per company.

Purpose of financing:
The Scheme granted shall be for the purpose of financing business activities and not to refinance existing credit facilities.

Interest/financing rates
BLR + 1.25% to 2.0%. (Current BLR = 6.30%)

Source of funds
Participating financial institutions.

Guarantee cover
SPV, which is fully backed by the Malaysian Government will provide 70% automatic guarantee cover on approved limit for SMEs / SMIs.
Financing risk on the remaining 30% will be borne by the participating financial institution.

Guarantee fee
0.75% p.a. on the guarantee coverage amount or minimum RM500/- p.a.

Loan tenure
Up to 5 years.

Government Loan Scheme

Flexi Guarantee Scheme (CGC)


Flexi Guarantee Scheme (FGS) provides guarantee for loans granted under Fund for Small and Medium Industries 2 (FSMI 2), New Entrepreneur Fund 2 (NEF 2) and Rehabilitation Fund for Small Businesses (RFSB).

The funds are designed to facilitate greater access to credit for viable Malaysian Small and Medium Industries (SMIs). A total of RM250 million is allocated for the NEF2, RM400 million for FSMI2 and RM800 million under RFSB.

Main Characteristics
Among the main characteristics of the FGS are:

  • Guarantee cover ranging from 30% – 80% as required by participating financial institutions.
  • Annual guarantee fee, calculated based on the guarantee cover issued and payable in advance. Fees will be borne by the participating financial institutions.
  • Unsecured Portion :-Between 0.8% to 2.15% per annum.
  • Secured Portion :-Between 0.5% to 1.85% per annum.

Application Procedures
The loan application is made through any participating financial institutions. Approval will be subjected to normal vetting procedures and security requirements of the participating financial institutions.


Purpose of Financing

  • Expansion of productive capacity
  • Working capital; or both

Financing should not be used for:

  • Purchase of shares
  • Refinancing of existing credit facilities
  • Purchase of land and properties for investment purposes

Eligibility Criteria

  • Shareholders’ funds not exceeding RM2.0 million.
  • Malaysian-owned institutions (at least 51%) incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, citizens residing in Malaysia and
  • Entrepreneurs registered under the Registrar of Business or any other authoritative bodies.
  • Must fall within the definition of SMEs ( for details, please click here )
  • Franchise businesses can apply under this scheme.

Eligible Sectors : All economic sectors except for money ex-change activity.
Maximum Financing Rate : 4.0% to 6.0% p.a
Maximum Tenure : Up to 5 years
Minimum Funding : RM50,000
Maximum Funding : RM5 million

Participating Financial Institutions (PFIs)

  • All commercial banks
  • All islamic banks
  • SME Bank
  • Malaysian Industrial Development Finance Bhd
  • Bank Pertanian Malaysia
  • Sabah Development Bank Bhd


Purpose of Financing

  • Expansion of productive capacity
  • Working capital; or both

Financing should not be used for:

  • Purchase of shares
  • Refinancing of existing credit facilities


  • Shareholders’ funds not exceeding RM10 million.
  • Wholly-owned Bumiputera institutions incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, Bumiputera citizens residing in Malaysia and
  • Bumiputera entrepreneurs registered under the Registrar of Business or any other authoritative bodies; or
  • Must fall within the definition of SMEs ( for details, please click here )
  • Small and medium- sized Bumiputera enterprises participating under the vendor development programme of the Ministry of Entrepreneur Development or Ministry of Finance with at least 70%
  • Bumiputera equity and management control.

Eligible Sectors : All economic sectors
Maximum Financing Rate : 4.0% to 6.0% p.a
Maximum Tenure :Up to 5 years
Minimum Funding RM50,000
Maximum Funding RM5 million

Participating Financial Institutions (PFIs)

  • All commercial banks
  • All islamic banks
  • SME Bank
  • Malaysian Industrial Development Finance Bhd
  • Bank Pertanian Malaysia
  • Sabah Development Bank Bhd


Purpose of Financing
For working capital and business expansion purposes.

Financing should not be used for:
Refinance the existing credit facility. However, borrower may utilise up to 40% of the financing amount approved to refinance and restructure existing NPL.


Small and medium enterprises (SMEs) in all economic sectors that fulfill the following conditions:

  • Malaysian owned (at least 51%) companies and institutions registered under the Companies Act 1965, Registration of Business Act 1956, Societies Act 1966 or the Cooperative Societies Act 1993;
  • Business enterprises with full-time employees not exceeding 150 and annual sales turnover not exceeding RM25 million;
  • Aggregate outstanding NPL of not more than RM3 million with commercial banks, finance companies, Islamic banks, Bank Pembangunan dan Infrastruktur Malaysia Berhad and Bank Industri dan Teknologi Malaysia Berhad;
  • The NPLs must only be for business-related loans (to exclude share financing and loans for personal consumption; and
  • Applicants must have on-going business.

Eligible Sectors : All economic sectors
Maximum Financing Rate : 5.0% p.a
Maximum Tenure : 5 years
Maximum Funding : RM1.5 million

Participating Financial Institutions (PFIs)

  • All commercial banks
  • All finance companies
  • Bank Islam Malaysia Berhad
  • Bank Muamalat Malaysia Berhad
  • Bank Pertanian Malaysia
  • SME Bank
  • Bank Pembangunan dan Infrastruktur Malaysia Bhd
  • Malaysian Industrial Development Finance Bhd
  • Sabah Development Bank Bhd

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