Soft Loan for ICT Adoption


To assist the small and medium enterprises by providing soft loan to enhance their competitiveness, efficiency and productivity through the adoption of ICT in their business management and operation

Maximum financing rate : 2% per annum

Maximum tenure : Up to 5 1/2 years including max. 6 months grace period

Minimum financing : RM20,000

Maximum financing : RM500,000

Participating financial institutions / Implementing Ministry / Agency
Malaysian Industrial Development Finance Berhad (MIDF)

Eligibility criteria

  • SMEs incorporated under the Companies Act 1965 or Registration of Business Ordinance 1956;
  • At least 60% equity held by Malaysians;
  • Subsidiaries of public listed companies (not exceeding 20% shareholding); and
  • Possess valid premises license

Purpose of financing
To purchase software and hardware items to upgrade business efficiency and operation.

Eligible assistance

Purchase of the following:

  • Software for upgrading engineering design capabilitis;
  • ERP softwareor other similar software;
  • Software such as Point of Sales System, Tracking System, Automated Store Management System and Inventory Management System;
  • Supporting software for specific industry such as animation, aviation, web hosting and others;
  • Related hardware, equipment and training costs.

Eligible sector / Types of financing

  • Manufacturing
  • Manufacturing Rrelated Services
  • Services (excluding insurance and financial services)

Application procedure
Applications to be submitted to MIDF


Assistant Vice President and Head
Group Corporate Communications,
Malaysian Industrial Development Finance Berhad (3755-M),
Level 19, Menara MIDF,
82, Jalan Raja Chulan,
50200 Kuala Lumpur

Tel : (603) 2173 8888
Fax : (603) 2173 8877
E-mail: inquiry@midf.com.my



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