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SME EMERGENCY FUND

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Guidelines for SME Emergency Fund (SMEEF)

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ITEM   FUND DETAILS
Type of Natural Disaster
:
Flood, Drought, Beach Erosion and Land Slide only
Allocation
:
RM10 million/ year

Financing amount up to RM100,000
per company (max)

Type of assistance: Hybrid

:
Total financing amount up to a maximum of RM100,000 per company in hybrid manner of grant + loan

 

Scope of coverage
:

Grant:

  • Refurbishment of business premise and repair of machineries/equipment damaged due to natural disaster;

Loan:

  • Working Capital including raw materials, operating expenses, salary and rentals (where applicable)
  • Purchase of replacement machineries/equipment and premise’s basic fixtures
Eligibility Criteria
:
  • Applicant fulfil the definition of MSMEs;
  • Registered under Companies Act 1960 or Business Registration Act 1956;
  • Hold valid business premise license issued by Municipal Council (Pihak Berkuasa Tempatan)
  • Provide proof of evidence of natural disaster through;
  • *Letter issued by District Officer;
  • *Verification report from Local Authority and SME Corp. Malaysia State Office; and
  • Copy of police report.

*Facilitate by SME Corp Malaysia State Office

Application Window
:
  • Last application received should not be more than 2 months, after National Security Council (MKN) declares the area is free from natural disaster.
  • SME Corp. Malaysia – Fund Provider & Grant Administrator
  • MIDF – Loan Administrator
  • MKN - Collaborator
  • Municipal Council – Collaborator

SME Emergency Fund (SMEEF) has been launched. Businesses that are affected by natural disaster can apply for financial assistance under this Fund.
The financial assistance is in the form of soft loan.

Click on the title below to start PDF file download (format requires Acrobat Reader).

For further information, please contact:

Ms Nadia Yusof
 SME Corporation Malaysia (SME Corp.)
Level 4, SME 1, Block B,
Platinum Sentral, Jalan Stesen Sentral 2,
Kuala Lumpur Sentral
50470 KUALA LUMPUR
General Line : 03-2775 6059
Fax Line : 03-2775 6001
Info Line 1-300-30-6000

*subject to changes

 
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