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Seed Capital Scheme (Batik And Craft)

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Objective
To promote Malaysian textile and craft industry by providing financing to Bumiputera batik and craft operator.

Maximum financing rate : 4% per annum

Maximum tenure : 3-8 years

Minimum financing : RM20,000

Maximum financing : RM250,000

Participating financial institutions / Implementing Ministry / Agency
SME Bank

Eligibility criteria

  • A company with at least 70% Bumiputera-owned equity
  • Company with minimum paid-up of capital of RM2.5 million
  • Company in operation less than 3 years
  • Required to attend courses organized by SME Bank or related government agencies

Purpose of financing

  • Purchase of fixed assets
  • Working Capital

Eligible sector / Types of financing
Manufacturing and services sector related to batik and craft industry

Application procedure
Application to be submitted to SME bank

Contact
Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
Menara SME Bank Malaysia
Jalan Sultan Ismail
Peti Surat 12352
50774 Kuala Lumpur
Tel : 03-2615 2020
Fax : 03-2698 8077
Website : www.smebank.com.my

 
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