KUALA LUMPUR: The Malaysia Co-Investment Fund (MyCIF) has unveiled two new incentives for micro, small and medium enterprises (MSMEs) in the upstream agriculture and bio-economy businesses to help boost national food security.
The Securities Commission (SC) said the new incentives are investments at 0% financing rate in eligible peer-to-peer financing campaigns and foregoing dividend income from investments in eligible equity crowdfunding campaigns.
The incentives were announced at the MyCIF Open Day held yesterday, it said in a statement. MyCIF, set up as part of Budget 2019 and administered by the SC, co-invests in MSMEs and social enterprises.
Finance Minister II Datuk Seri Amir Hamzah Azizan said the government has an unwavering commitment to support the growth of underserved and strategic sectors. — Bernama
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