Find out more about the Semarak Niaga Initiatives of Budget 2022

Micro Credit
Micro Enterprises Facility BNM (MEF)

To enhance access to collateral-free financing for micro enterprises/ entrepreneurs, including the self-employed and gig workers on digital platforms, with the following financing terms:

  • Lending rate: As determined by the financial institution
  • Size: Micro Enterprises (including part-time workers (gig workers) using digital platforms and self-employed workers): Up to RM 50,000
  • Duration: Up to 5 years

Submit application directly to any Participating Financial Institutions (PFIs) and approval will be subjected to the credit assessment of the PFIs.

TEKUNNita

Funding programme under TEKUN to support women entrepreneurs, particularly those affected by COVID-19

  • Loan rate: 0%
  • Amount: Up to RM10,000
  • Tenure: Up to 5 years
  • Moratorium: 6 months

Sports Funding Scheme

To restore and restart businesses affected by the COVID-19 pandemic to sports facilities operators, with the following financing terms:

  • Loan rate: 4%
  • Amount: Up to RM100,000
  • Tenure: Up to 10 years

Skim Pembiayaan Usahawan Masyarakat India (SPUMI)

Providing micro financing options for the socio-economic empowerment of the Indian community with the following financing terms:

  • Loan rate: 4%
  • Amount: Up to RM100,000
  • Tenure: Up to 10 years

Chinese Entrepreneurs SME Financing Scheme

Aimed at assisting Chinese SME operators in creating opportunities with the following financing terms:

  • Loan rate: 4%
  • Amount: Up to RM250,000
  • Tenure: Up to 5 years

Perkampungan Baru Cina Financing (PKBC)

Aimed at assisting Chinese SME operators in creating opportunities with the following financing terms:

  • Loan rate: 4%
  • Amount: Up to RM50,000
  • Tenure: Up to 5 years

Various Soft Microfinance Schemes​

Micro financing facility provided to specific sectors i.e. Start-Ups, Community Internet Centre, Traditional/ Agriculture/ Night Market/ Farmers Market groups, Women, Youth, Sports and General.

  • Loan rate:0% for the firt 6 months, 4% subsequently
  • Amount: Up to RM75,000
  • Tenure: Up to 5 years
  • Moratorium: 6 months


Micro Credit Scheme​​

Financing up to RM75,000 for all types of agrofood industry businesses

  • Loan rate:0% for the firt 6 months, 4% subsequently
  • Amount: Up to RM75,000
  • Tenure: Up to 5 years
  • Moratorium: 6 months

More information will be updated soon


Micro Enterprises Facility BR (MEF) ​​

To assist micro, small and medium enterprises (MSMEs) and Informal entrepreneurs in maintaining the continuity of business operations to be competitive during the COVID-19 pandemic, by providing financing with no interest rate charged and up to 12 months moratorium


Micro Enterprises Facility BR (MEF) ​​

A social finance programme that specifically aims to support and facilitate financing for B40 and asnaf* micro-entrepreneurs who lost income due to the COVID-19 outbreak. This program is designed to use microfinance for the provision of capital combined with social financial funds namely zakat. Eligible and selected applicants will follow a business development training program


SME Soft Loan
Kemudahan Peralihan Kepada Rendah Karbon (LCTF)

Matching Grant to help MSMEs adopt sustainable and low carbon practices such as by increasing the use of sustainable raw materials and renewable energy

  • Loan rate: up to 5%
  • Amount: Up to RM5 million
  • Duration: Up to 10 years

Kemudahan Bantuan Dan Pemulihan Bersasar (TRRF)

Financing facilities established by BNM to provide recovery assistance and support to affected SMEs

  • Loan rate: Up to 3.5% per annum (including guarantee fee)
  • Moratorium facility: At least 6 months
  • Amount: Up to RM500,000
  • Duration: Up to 7 years (including moratorium period)

AgroFood Facility (AF)

A financing programme provided by BNM to increase food production for Malaysia and exported, with the following financing terms:

  • Loan rate: Up to 3.75% per annum (including guarantee fee)
  • Amount: Up to RM5 million
  • Duration: Up to 8 years

SME Automation and Digitalisation Facility (ADF)

A financing facility established by BNM to incentivise SMEs to automate processes and digitalise operations to increase productivity and efficiency, with the following financing terms:

  • Loan rate: up to 4% per annum (including guarantee fee)
  • Size: Up to RM3 million
  • Duration: Up to 10 years

Kemudahan Semua Sektor Ekonomi (AES)

To enhance access to financing for SMEs in all economic sectors, to support growth, with the following financing terms:

  • Loan rate: up to 7% per annum (including guarantee fee)
  • Size: Up to Rm5 million
  • Duration: Up to 5 years

Kemudahan Teknologi Tinggi – Aspirasi Pelaburan Nasional (HTF-NIA)

To support high-tech and innovation-driven SMEs affected by COVID-19 to recover and revitalise the nation’s innovation capacity, with the following financing terms:

  • Loan rate: up to 3.5% per annum (excluding guarantee fee); up to 5% per annum (including guarantee fee)
  • Size: Up to RM1 million for working capital purposes; or up to RM5 mllion for capital expenditure (CAPEX) or a combination of working capital and CAPEX
  • Duration: Up to 7 years

PENJANA Tourism Financing (PTF)

To support Malaysian small and medium-sized enterprises (SMEs) including micro enterprises in the tourism sector, by preserving their capacity and assisting them to adjust and remain viable, with the following financing terms:

  • Loan rate: up to 3.5% per annum (including guarantee rate)
  • Size: Up to RM500,000
  • Duration: Up to 7 years (including moratorium period)
  • Moratorium: at least 6 months

Technical Entrepreneur Development Programme (PUTEK)

Financing facility for the younger generation to start a business in a technical field based on the skills possessed. Facilities are offered in the form of matching grants which include 60% funding and 40% grants

  • Loan rate: 0%
  • Size: Up to RM500,000
  • Duration: Up to 5 years

Youth / MARA Educational Institution Graduate Entrepreneur Programme (PUTRA)

A financing facility for micro businesses for all sectors such as retail, manufacturing, services except the agriculture and livestock sectors. PUTRA is a business financing schemes specifically to produce dynamic small entrepreneurs from the younger generation to start businesses.

  • Loan rate: 0%
  • Size: Up to RM10,000
  • Duration: Up to 3 years

Express Contract Financing 
                        Scheme (SPiKE)

Short-term financing facilities to Bumiputera contractors in construction, supply, service and electricity contracts

  • Loan rate: 6%
  • Size: Up to RM1,000,000

Program Pembangunan Usahawan Profesional  (ProSPEC)

A funding assistance provide business financing facilities under the ProSPEC and to increase the participation of Bumiputera entrepreneurs in the field of professional entrepreneurship

  • Loan rate: 4%
  • Size: Up to RM500,000
  • Duration: Up to 10 years

MARA Integrated Smart Auto (MISA)

A funding assistance to increase the number of Bumiputera entrepreneurs in automotive that provide 3S (Sales, Service & Spare parts) and to provide opportunities and help entrepreneurs upgrade their existing workshop

  • Loan rate: 2%
  • Size: Up to RM1,000,000
  • Duration: Up to 10 years

Special Business Financing Scheme For Women (DanaNITA)

Funding programme under MARA to support women entrepreneurs, particularly those affected by COVID-19

  • Loan rate: 3.5%
  • Size: Up to RM150,000
  • Duration: Up to 10 years

Jumpstart Financing

To support the continuity of businesses, with the following financing terms:

  • Loan rate: 2% - 3%
  • Size: Up to RM500,000
  • Tenure: Up to 6 years
  • Moratorium: 6 months

Various Financing Programs​

PUNB financing and services is opened to all Bumiputera entrepreneurs and businesses in retail, trade and distribution, manufacturing and services sectors. This scheme is not applicable for agricultural, fishery and plantation sectors.


Young Entrepreneur​ Financing Program​

RM200 million is provided for the IBS Promotion Fund which involves the construction sector while RM100 million is provided under the Young Entrepreneur Financing program (YEF2.0)

  • Loan rate: 5%
  • Amount: Up to RM1 million
  • Tenure: Up to 10 years

More information will be updated soon


IBS Promotion Fund (IBS 2.0)

RM200 million is provided for the IBS Promotion Fund which involves the construction sector while RM100 million is provided under the Young Entrepreneur Financing program (YEF2.0)

  • Loan rate: Based on risk involved
  • Amount: Up to RM10 million
  • Tenure: Up to 15 years
  • Moratorium: None

More information will be updated soon


Working Capital Scheme​​

BPMB Working Capital Scheme is an initiative aimed at providing assistance to viable companies with shareholder’s fund of not more than RM10.0 million to gain access to working capital financing.

  • Loan rate: 4%
  • Amount: RM1 million - RM 10 million
  • Tenure: Up to 3 years

More information will be updated soon


Various Agro–Food​ Financing Programs​​​

Financing for businesses and corporates with financing amount of more than RM75,000.

  • Loan rate: 0% for the first 6 months, 3% subsequently
  • Amount: Up to RM500,000
  • Tenure: Up to 8 years
  • Moratorium: 6 months

More information will be updated soon


Equity / Alternative Financing
BNM Business Recapitalisation Fund (BRF)

Prepared under BNM to assist companies facing gearing or leverage problems with the following financing terms:

  • Lending rate: up 3.5% (for credit financing) + dividend (determined by equity financier)
  • Amount: up to RM5 million
  • Duration: Up to 10 years

IBS Promotion Fund (IBS 2.0)

The Malaysia Co-investment Fund (MyCIF) was set up in order to co-invest in Micro, Small and Medium Enterprises (MSMEs) and Social Enterprises alongside private investors via Equity Crowdfunding (ECF) and Peer-to-peer Financing (P2P) platforms

  • MyCIF also runs the MyCIF Social Enterprise scheme to co-invest in P2P campaigns by MEDAC-accredited Social Enterprises

SME Recapitalisation Fund

Investment scheme by SME Bank in collaboration with TERAJU and BSN through quasi-equity which aims to assist in recovery of SME business post Covid-19 particularly to strengthen weak balance sheets and gearing levels and to facilitate the growth and creation of a sustainable SMEs vertical integration / supply chain.

  • Lending rate: dividend ± 6%
  • Size: Up to RM5 million

More information will be updated soon


SKIM RESET

Provided by Bank Pembangunan Malaysia Berhad (BPMB) to assist companies with gearing or leverage issues.

More information will be updated soon

SJPP Guarantee
PEMULIH Government Guarantee Scheme (PGGS)

Provide financing assistance to Malaysian Small and Medium Enterprises ("SME") and Mid-Sized Companies ("MSC").

  • Working Capital/CAPEX facilities for New Financing: 80% of the financing obtained from the participating FIs (Including principal and interest/profit) by the Government of Malaysia.
  • Restructuring of existing financing facilities and/or additional Working Capital: 80% of the financing obtained from the participating FIs (including principal and interest/profit) by the Government of Malaysia.

Submit application directly to any Participating Financial Institutions (PFIs) and approval will be subjected to the credit assessment of the PFIs.