Categories Archives

SME Loans / Grants

Banker’s Guarantee (BG) & SBLC

BANKER’S GUARANTEE When you submit a tender, or need a guarantee of payment to a supplier or a business partner, you can use a Banker’s Guarantee as a viable alternative to cash deposits. Advantages of using Banker’s Guarantee: Widely accepted, giving recipients more confidence in your company’s financial credibility. Free your funds to pursue other business opportunities. Low charges from 0.6% – 2.25% pa, with a minimum of RM50. STAND BY LETTER OF CREDIT (SBLC) By definition, a SBLC (Standby ...

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Green Technology Financing Scheme

In the budget speech for 2010, Dato’ Seri Najib Tun Abdul Razak, the Prime Minister of Malaysia announced the establishment of Green Technology Financing Scheme amounting to RM1.5 billion as an effort to improve the supply and utilization of Green Technology. The scheme could benefit companies who are producers and users of green technology. As a sign of commitment, the Government will bear 2% of the total interest/profit rate. In addition, the Government will provide a guarantee of 60% on ...

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Incentives for the Tourism Industry

Tourism projects, including eco-tourism and agro-tourism projects, are eligible for tax incentives. These include hotel businesses, tourist projects including in-door and out-door theme parks, construction of holiday camps, recreational projects including recreational camps and construction of convention centres with a capacity to accommodate at least 3,000 participants. Incentives for the Hotels and Tourism Projects Companies undertaking new investments in 1 to 5 star hotels and tourism projects are eligible for the following incentives: (i) Pioneer Status A company granted Pioneer ...

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Special Tourism Fund

INTRODUCTION To support the development of tourism industry, Ministry of Tourism and Culture Malaysia offers financial assistance through Special Tourism Fund for small medium Bumiputera entrepreneurs. The purpose is to assist tourism entrepreneurs who wish to expand or develop projects that contribute to the development of tourism industry such as tourism accommodation, tourism transportation services, tourism attraction centres, facilities and other projects related to tourism. LENDING RATE The rate for loan is 4.0% – 5.5% per annum. SME Bank may ...

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Special Fund For Tourism 2

Objective To support the Government’s efforts in developing the tourism industry Maximum financing rate : 4.0% – 5.5% per annum Maximum tenure : 20 years Minimum financing : RM50,000 Maximum financing : 90% of total project cost or up to RM25 million Participating financial institutions / Implementing Ministry / Agency: SME Bank Eligibility criteria Shareholder’s fund not exceeding RM10 million with 60% Bumiputera equity and registered under the Companies Commission of Malaysia Viable tourism project and registered with the Ministry of ...

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Sustainable Development Grants (Shell Malaysia)

The Sustainable Development Grants programme empowers individuals and groups in promoting and initiating sustainable development projects in the country. The Shell Malaysia Sustainable Development (SD) Grants scheme is open to Malaysian NGOs, and International NGOs with a Malaysian chapter, Community Based Organisations (CBO) and Academic Institutions based in Malaysia. The SD Grants scheme is divided into 2 categories: Environmental Conservation – projects to conserve biodiversity, natural resources and ecosystems, including forests, wetlands, mangroves, coral reefs, peat swamps. These projects may ...

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Product Development & Commercialisation Fund (MSC Malaysia)

Product Development & Commercialisation Fund (PCF) is aimed at assisting local MSC companies to accelerate the development and commercialisation of innovative, market driven product/solutions/services as well as increasing the creation of Intellectual Property for commercialisation. About PCF Funding based on competitive bidding on targeted technology CALL areas – funds the best set of projects from a larger pool of bids Is a performance-based fund, i.e. applicants spell out realistic and achievable technical and commercial targets. Disbursements of PCF are based ...

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Shariah-compliant SME Financing Scheme (SSFS)

Objective To provide financing assistance to eligible Malaysian SMEs whereby the Government of Malaysia has agreed to pay 2% (percentage point) of the profit rate charged on the financing provided by Participating Financial Institutions. Overall financing Maximum of RM2 billion for financing applications approved in 2012 and 2013, or upon full utilisation of the RM 2 billion limit, whichever comes first. Approved facilities to be registered with SME Corp. Malaysia on first come first serve basis. Existing SMEs that comply ...

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Islamic Financing Scheme

Islamic banking and finance has become a force to be reckoned with in the global economic scenario. It often forms part of the equation in international finance, whether at a government-to-government or the private sector levels. Its significance has grown over the years and is now present in over 60 countries. THE MALAYSIAN ISLAMIC FINANCIAL SECTOR is seen as one of the most progressive and attractive in the world given the numerous incentives planned and further liberation in the coming ...

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