KUALA LUMPUR: Small and medium enterprises (SMEs) eligible under Bank Negara Malaysia’s High Tech Facility – National Investment Aspirations (HTF-NIA) can obtain financing of up to RM1mil for working capital purposes and up to RM5mil to finance capital expenditure (capex).
Bank Negara said in a statement on Wednesday SMEs could also either secure a combination of working capital and capex up to RM5mil for up to seven years.
“This facility is offered at a financing rate of up to 3.5% per annum for financing without guarantee or up to 5% per annum inclusive of guarantee fee (with guarantee coverage by Credit Guarantee Corporation Malaysia BHD (CGC). The facility will be available from Dec 15, 2020 to Dec 31, 2021 or until it is fully utilised (whichever is earlier),” it said.
The HTF-NIA is part of efforts to provide additional assistance for SMEs affected by Covid-19 and the proposal was announced during the Budget 2021 speech by the Minister of Finance.
Bank Negara said the facility is to support high-tech and innovation-driven SMEs affected by the Covid-19 to recover and revitalise the nation’s innovation capacity.
This is critical to strengthen Malaysia’s competitive positioning in global value chains, preserve the supply chain ecosystem and safeguard high-skilled jobs.
Bank Negara pointed eligible SMEs include those in advanced manufacturing and services sectors that are best aligned to deliver the overarching national strategic long-term development goals, as embedded in the NIAs1 .
Examples include businesses in the E&E, aerospace, pharmaceuticals and ICT sectors, as well as R&D driven firms supporting the development of emerging technologies; or
SME project participants in key government programmes involved in research, development and innovation for critical technologies identified under national blueprints, from IR4.0-related technologies, green technology and biotechnology, to ensure their continuity and completion of those existing projects
Bank Negara said interested SMEs can apply directly to participating financial institutions, which comprise commercial banks, Islamic banks and development financial institutions regulated by Bank Negara through their websites or by visiting their branches.
Bank Negara said in a statement on Wednesday SMEs could also either secure a combination of working capital and capex up to RM5mil for up to seven years.
“This facility is offered at a financing rate of up to 3.5% per annum for financing without guarantee or up to 5% per annum inclusive of guarantee fee (with guarantee coverage by Credit Guarantee Corporation Malaysia BHD (CGC). The facility will be available from Dec 15, 2020 to Dec 31, 2021 or until it is fully utilised (whichever is earlier),” it said.
The HTF-NIA is part of efforts to provide additional assistance for SMEs affected by Covid-19 and the proposal was announced during the Budget 2021 speech by the Minister of Finance.
Bank Negara said the facility is to support high-tech and innovation-driven SMEs affected by the Covid-19 to recover and revitalise the nation’s innovation capacity.
This is critical to strengthen Malaysia’s competitive positioning in global value chains, preserve the supply chain ecosystem and safeguard high-skilled jobs.
Bank Negara pointed eligible SMEs include those in advanced manufacturing and services sectors that are best aligned to deliver the overarching national strategic long-term development goals, as embedded in the NIAs1 .
Examples include businesses in the E&E, aerospace, pharmaceuticals and ICT sectors, as well as R&D driven firms supporting the development of emerging technologies; or
SME project participants in key government programmes involved in research, development and innovation for critical technologies identified under national blueprints, from IR4.0-related technologies, green technology and biotechnology, to ensure their continuity and completion of those existing projects
Bank Negara said interested SMEs can apply directly to participating financial institutions, which comprise commercial banks, Islamic banks and development financial institutions regulated by Bank Negara through their websites or by visiting their branches.
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