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Bank Negara Malaysia

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Bumiputera Entrepreneur Project Fund
Bank Negara Malaysia

Objective : To provide financing to Bumiputera entrepreneurs who have been awarded contracts/projects by the Government, Government-related agencies, statutory bodies and reputable private/public companies.
Maximum tenure : 5% per annum or Maybank BLR per annum
Minimum financing : 5 years
Maximum financing : 70% of the contract value less advance given by the Government (if any) or RM5 million, whichever is lower.
Participating financial institutions / Implementing Ministry / Agency : ERF Sdn Bhd
Eligibility criteria :
  • Bumiputera entrepreneurs or enterprises which are wholly-owned by Bumiputera with viable contracts in hand ;
  • Encouraged to become members of one of the following bodies:-
    • Dewan Perniagaan Melayu Malaysia/Sabah/W.P. Labuan;
    • Dewan Usahawan Bumiputera Sarawak;
    • Dewan Perniagaan Bumiputera Sabah;
    • Dewan Perniagaan dan Perindustrian Kadazan Dusun Sabah - USAHANITA;
    • PERDASAMA; or
    • Any other bodies approved by Panel Khas ERF Sdn Bhd
  • Bumiputera contractors must be registered with Pusat Khidmat Kontraktor and for non-contractors, must be registered with MOF, TNB, Telekom, Petronas etc; and
  • Credit facilities have not been obtained from financial institutions to finance the project
Purpose of financing :
  • Term loan and Working capital only
  • Financing should not be used for:
  • Purchase of shares
  • Refinancing of existing credit facilities
Eligible sector / Types of financing : All economic sectors
Application procedure : Application to be submitted to ERF Sdn. Bhd.
Contact : ERF Sdn Bhd
Tel: 03 - 2078 1378
Fax: 03 - 2072 1411
Website: www.erf.com.my

Fund For Food
Bank Negara Malaysia

Objective : To increase food production and to finance food sector in Malaysia at a reasonable cost.
Maximum financing rate : 3.75% per annum
Maximum tenure : 8 years
Minimum financing : RM10,000
Maximum financing : 90% of total project cost or RM5 million whichever is lower.
Participating financial institutions / Implementing Ministry / Agency : Bank Pertanian Malaysia
Eligibility criteria :
  • Malaysian-owned institutions (at least 51% ownership) 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 Companies Commission of Malaysia or any other authoritative bodies;
  • The investment must be in Malaysia; and
  • Domestic-oriented projects, whereby at least one-half of the total production is sold in the domestic market
Purpose of financing :
  • Expansion in productive capacity
  • Working capital or
  • Both of the above

Financing should not be used for:

  • Purchase of shares
  • Personal consumption
  • Refinancing of existing credit facilities
  • Purchase of existing factories
  • Labour cost except wages
Eligible sector / Types of financing :
  • Primary food production i.e. animal husbandry, agriculture cultivation, fishery and biotechnology
  • Integrated agriculture
  • Processing and/or distribution of food is allowed subject to the raw materials are from domestic sources
Application procedure : Applications should be made to Bank Pertanian Malaysia. Approvals will be subject to the credit approval procedures and security requirements of Bank Pertanian Malaysia.
Contact : Bank Pertanian Malaysia (BPM)
Tel: 03 - 2731 1600
Fax: 03 - 2691 4908
Website: www.bpm.com.my

Development Finance and Enterprise Department
Bank Negara Malaysia (BNM)
Jalan Dato'Onn
50480 Kuala Lumpur
Tel: 03 - 2691 3764
Website: www.bnm.gov.my

Fund For Small And Medium Industries 2
Bank Negara Malaysia

Objective : To ensure eligible SMEs in both the export and domestic-oriented sectors have access to financing at reasonable cost.
Maximum financing rate : 4% to 6% per annum
Maximum tenure : 5 years
Minimum financing : RM50,000
Maximum financing : RM5 million
Participating financial institutions / Implementing Ministry / Agency :
  • All commercial banks and Islamic banks
  • Bank Perusahaan Kecil dan Sederhana Malaysia Berhad (SME Bank)
  • Malaysian Industrial Development Finance Berhad
  • Bank Pertanian Malaysia
  • Sabah Development Bank Berhad
Eligibility criteria :
  • Business enterprise based on the definition of SMEs [Link]
  • Maximum shareholders' funds not exceeding RM2 million;
  • Shareholding by Public Listed Companies or Government-Link Companies (if any) should not exceed 20%;
  • Malaysian residing in Malaysia and owned minimum 51% shareholding incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, registered with the Companies Commission of Malaysia or any other authoritative bodies; and
  • Not more than 7 years in operation. However participating financial institution may consider cases of SMEs who have been in operation for more than seven years.
Purpose of financing :
  • Expansion of productive capacity
  • Working capital or
  • Both of the above

Financing should not be used for:

  • Purchase of shares;
  • Refinancing of existing credit facilities;
  • Purchase of land/Real estate investment;
  • Properties development;
  • Investment holding company;
  • Activities where stock in trade is money (including credit, leasing, factoring and insurance businesses);and
  • Non-economic or non-healthy activities.
Eligible sector / Types of financing : All economic sectors / All types of facilities.
Application procedure : Applications should be made through any participating financial institutions. Approvals will be subject to the normal credit approval procedures and security requirements of the individual participating financial institutions.
Contact : Development Finance and Enterprise Department
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Tel: 03 – 26913764
Website: www.bnm.gov.my

New Entrepreneurs Fund 2
Bank Negara Malaysia

Objective : To promote the growth of small and medium-sized Bumiputera enterprises by ensuring that they have access to financing at reasonable cost.
Maximum financing rate : 4% to 6% per annum
Maximum tenure : 5 years
Minimum financing : RM50,000
Maximum financing : RM5 million
Participating financial institutions / Implementing Ministry / Agency :
  • All commercial banks and Islamic banks
  • Bank Perusahaan Kecil dan Sederhana Malaysia Berhad (SME Bank)
  • Malaysian Industrial Development Finance Berhad
Eligibility criteria :
  • Business enterprise based on the definition of SMEs [Link]
  • Maximum shareholders' funds not exceeding RM2 million;
  • Shareholding by Public Listed Companies or Government-Link Companies (if any) should not exceed 20%;
  • Malaysian residing in Malaysia and owned minimum 51% shareholding incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, registered with the Companies Commission of Malaysia or any other authoritative bodies; and
  • Not more than 7 years in operation. However participating financial institution may consider cases of SMEs who have been in operation for more than seven years.
Purpose of financing :
  • Expansion in productive capacity
  • Working capital; or
  • Both of the above

Financing should not be used for:

  • Purchase of shares
  • Refinancing of existing credit facilities
  • Purchase of land/Real estate investment
  • Properties development
  • Investment holding company
  • Activities where stock in trade is money (including credit, leasing, factoring and insurance businesses); and
  • Non-economic or non-healthy activities.
Eligible sector / Types of financing : All economic sectors / All types of facilities.
Application procedure : Applications should be made through any participating financial institutions. Approvals will be subject to the normal credit approval procedures and security requirements of the individual participating financial institutions.
Contact : Development Finance and Enterprise Department
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Tel: 03 – 26913764
Website: www.bnm.gov.my

 

Small Debt Resolution Scheme (SDRS)

Bank Negara Malaysia

Objective
To provide assistance to viable small and medium enterprises (SMEs) that are constrained by impaired financing  and viable SMEs facing financial difficulties with financing from multiple financial institutions, by facilitating restructuring or rescheduling and where appropriate, providing new financing.

Date established: 1 Nov 2003

Participating financial institutions :

  • All Commercial and Islamic banks
  • Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat)
  • Bank Pembangunan Malaysia Berhad (BPMB)
  • Bank Pertanian Malaysia Berhad (Agrobank)
  • Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
  • Export-Import Bank of Malaysia Berhad (EXIM Bank)
  • Bank Simpanan Nasional (BSN)

Eligibility Criteria :
SMEs in all economic sectors that fulfill the following criteria :

  • 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
  • SMEs with full-time employees not exceeding 150 or annual sales turnover not exceeding RM25 million
  • SMEs with impaired financing or SMEs facing financial difficulties with facilities from multiple financial institutions;
  • The financing was granted for business-related purposes only (share financing and financing for personal consumption are not eligible under the SDRS)
  • Applicants must have on-going business.

Scheme Mechanism
The scheme involves those applications for restructuring or rescheduling that are submitted under SDRS to participating financial institutions (PFIs) for their consideration. In the event these applications are declined by the PFIs, a dedicated committee, i.e., the Small Debt Resolution Committee (SDRC) established by Bank Negara Malaysia will then undertake an independent assessment on the viability of the business and may propose restructuring or rescheduling if eligible, and new financing, where necessary.

New financing will be sourced from existing SME funds and schemes established by Bank Negara Malaysia.

Application procedure
Applicants should use a standard SDRC application form obtained from participating financial institutions, or the SDRC Secretariat. The application form can also be printed from www.smeinfo.com.my . The completed application form together with all required documents should be submitted directly to the participating financial institutions where the accounts are maintained, or the SDRC Secretariat.

Contact
SDRC Secretariat
Development Finance and Enterprise Department
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
TELELINK  no :1-300-88-5465 or 1-300-88-LINK

 

 

 
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