KUALA LUMPUR: SME Corp Malaysia and microLEAP will channel RM35 million to small and medium enterprises (SMEs) through the 2025 Business Accelerator Programme (BAP) Alternative Financing initiative.
The programme offers SMEs shariah-compliant financing of up to RM400,000 at a 3.5 per cent profit rate per annum, with the possibility of 40 per cent of the financing being converted into a grant.