Malaysia Covid-19 BNM Financing for SMEs Affected by COVID-19

Financing for SMEs Affected by COVID-19
Micro Enterprises Facility (MEF)

BNM’s Financing Facilities to Assist Malaysian SMEs  >

https://www.bnm.gov.my/documents/2020/Additionalmeasures.20200327.appendix.pdf

Programme Brief

Assistance: Zero-interest, no collateral financing amount from RM50,000
Target Group: Small Medium Enterprises

  

Contacts

Ministry: Ministry of Finance 
Agency: Bank Simpanan Nasional (BSN)
Website: https://www.mybsn.com.my/
Email: 

Telephone: 

and

Agency: TEKUN Nasional
Website: https://www.tekun.gov.my/ms/inisiatif-tekun-covid19/borang/
Telephone: 

Encik Mohd Yusri Mohd Yusob (012-551 6275); or
Encik Mohd Yusliezal Mohd Yusof (019-609 6251)

Micro Enterprises Facility (MEF)    
Allocation: RM300 million
Objective: Increase access to collateral-free financing for micro-enterprises
Eligibility: Malaysian micro enterprises
Purpose: Capital expenditures; or/and Working capital
Financing rate: Zero-interest 
Maximum financing amount: RM50,000 per SME
Maximum tenure: 5 years
Availability: Open

How to apply?

SMEs can apply for the Micro Enterprises Facility (MEF)

financing at all Bank Simpanan Nasional branches or online via the CGC imSME application platform (https://imsme.com.my)

Financing for SMEs Affected by COVID-19
Special Relief Facility (SRF)

BNM’s Financing Facilities to Assist Malaysian SMEs  >

https://www.bnm.gov.my/documents/2020/Additionalmeasures.20200327.appendix.pdf

Programme Brief

Assistance: Alleviate short-term cash flow problems faced by SMEs affected by the COVID-19 outbreak
Target Group: Small Medium Enterprises

  

Contacts

Ministry: Ministry of Finance 
Agency: Bank Negara Malaysia (BNM)

Pusat Khidmat Pelanggan CGC
Website: https://www.cgc.com.my
Email: csc@cgc.com.my

Telephone: 03-7880 0088

Special Relief Facility (SRF)    
Allocation: RM5 billion
Objective: Alleviate short-term cash flow problems faced by SMEs affected by the COVID-19 outbreak
Eligibility: Malaysian SMEs* affected by COVID19
Purpose: Working capital
Financing rate: Up to 3.50% p.a. (inclusive of any guarantee fee)  
Maximum financing amount: RM1 million per SME
Maximum tenure: 5.5 years, including 6 months moratorium on repayments
Availability: Until 31 December 2020

How to apply?

SMEs can apply for the Special Relief Facility (SRF)

financing at all participating Financial Institutions (PFIs) nationwide or

Online via the CGC imSME application platform (https://imsme.com.my)

Financing for SMEs Affected by COVID-19
COVID-19 All Economic Sectors (AES)

BNM’s Financing Facilities to Assist Malaysian SMEs  >

https://www.bnm.gov.my/documents/2020/Additionalmeasures.20200327.appendix.pdf

Programme Brief

Assistance: Enhance access to financing for SMEs in all economic sectors
Target Group: Small Medium Enterprises

  

Contacts

Ministry: Ministry of Finance 
Agency: Bank Negara Malaysia (BNM)

Pusat Khidmat Pelanggan CGC
Website: https://www.cgc.com.my
Email: csc@cgc.com.my

Telephone: 03-7880 0088

COVID-19 All Economic Sectors (AES)    
Allocation: RM6.8 billion
Objective: Enhance access to financing for SMEs in all economic sectors, in particular underserved SMEs, and to support growth
Eligibility: Malaysian SMEs*
Purpose: Capital expenditures; or/and Working capital
Financing rate: Up to 7% p.a. (inclusive of any guarantee)  
Maximum financing amount: RM5 million per SME
Maximum tenure: 5 years
Availability: Open

How to apply?

SMEs can apply for the COVID-19 All Economic Sectors (AES) financing at all participating Financial Institutions (PFIs) nationwide or

Online via the CGC imSME application platform (https://imsme.com.my)

Financing for SMEs Affected by COVID-19
Agrofood Facility (AF)

BNM’s Financing Facilities to Assist Malaysian SMEs  >

https://www.bnm.gov.my/documents/2020/Additionalmeasures.20200327.appendix.pdf

Programme Brief

Assistance: Increase agrofood production for Malaysia and for exports purposes
Target Group: Small Medium Enterprises

  

Contacts

Ministry: Ministry of Finance 
Agency: Bank Negara Malaysia (BNM)

Website: 
Email: 

Telephone: 

Agrofood Facility (AF)   
Allocation: RM1 billion
Objective: Increase agrofood production for Malaysia and for exports purposes
Eligibility: Malaysian SMEs*
Purpose: Capital expenditures; or/and Working capital; and Development of agrofood production
Financing rate: Up to 3.75% p.a. (inclusive of any guarantee
Maximum financing amount: RM5 million per SME
Maximum tenure: 8 years
Availability: Open

How to apply?

SMEs can apply for the Agrofood Facility (AF) financing at all participating Financial Institutions (PFIs) nationwide or

Online via the CGC imSME application platform (https://imsme.com.my)

Covid-19 Malaysian Government
Assistance & Aid

 

Covid-19 Malaysian Government
Assistance & Aid

Definition of Smal Medium Enterprises

Source: SMECorp

SMECorp helplines and contacts

SMECorp helplines and contacts

Source: SMECorp

Financing for SMEs Affected by COVID-19
Facility Automation and Digitalisation Facility (ADF)

BNM’s Financing Facilities to Assist Malaysian SMEs  >

https://www.bnm.gov.my/documents/2020/Additionalmeasures.20200327.appendix.pdf

Programme Brief

Assistance: Incentivise SMEs to automate processes and digitalise operations to increase productivity and efficiency
Target Group: Small Medium Enterprises

  

Contacts

Ministry: Ministry of Finance 
Agency: Bank Negara Malaysia (BNM)

Website: 
Email: 

Telephone: 

Facility Automation and Digitalisation Facility (ADF)   
Allocation: RM300 million (as part of AES)
Objective: Incentivise SMEs to automate processes and digitalise operations to increase productivity and efficiency
Eligibility: Malaysian SMEs*
Purpose: Purchase of equipment, machinery, computer hardware and software, IT solutions and services, technology support services and other intangible assets to enhance productivity and efficiency
Financing rate: Up to 4% p.a. (inclusive of any guarantee
Maximum financing amount: RM3 million per SME
Maximum tenure: 10 years
Availability: Until 31 December 2020

How to apply?

SMEs can apply for the Facility Automation and Digitalisation Facility (ADF) financing at all participating Financial Institutions (PFIs) nationwide or

Online via the CGC imSME application platform (https://imsme.com.my)

Financing for SMEs Affected by COVID-19
BizMula-i

Programme Brief

Assistance: Financing up to RM300,000 for SMEs in operation for less than four(4) years under BizMula-I and BizWanita-i Scheme
Target Group: Small Medium Enterprises

  

Contacts

Ministry: Ministry of Finance 
Agency: Pusat Khidmat Pelanggan CGC

Website: https://www.cgc.com.my/bizmula-i/
Email: csc@cgc.com.my

Telephone: 03-7880 0088

BizMula-i   
Eligibility: Malaysian SMEs*
Purpose: Working capital; and/or Asset acquisition (i.e. purchase of machinery, purchase of equipment and business premises renovation)
Financing rate: Effective Profit Rate: *BNM Funding Rate at 0.25% (as at 30 March 2020) + 6.75% p.a.
Ceiling Profit Rate: 12.00% p.a.
Maximum financing amount: RM30,000 to RM300,000 per SME
Maximum tenure: 5 years

How to apply?

SMEs can apply for the BizMula-i financing at all participating Financial Institutions (PFIs) nationwide or

Online via the CGC imSME application platform (https://imsme.com.my)

Financing for SMEs Affected by COVID-19
Social Finance Program for B40

Programme Brief

Assistance: Financing for B40 entrepreneurs. 
Target Group: SB40 Entrepreneurs/SMEs

  

Contacts

Ministry: Ministry of Finance 
Agency: Bank Islam Malaysia Berhad

Website: 
Email: contactcenter@bankislam.com.my

Telephone: 03-2088 8000 / 03-2690 0900

and

Agency: Majlis Agama Islam Wilayah Persekutuan (MAIWP)

Website: https://www.maiwp.gov.my
Email: promaiwp@maiwp.gov.my

Telephone: 03-4047 9444

Social Finance Program for B40   
Allocation: RM300 million (as part of AES)
Objective: Social Finance Program for B40 entrepreneurs. Social financial donations will be channelled in the form of initial capital for micro entrepreneurs using zakat funds and matched with micro financing at an affordable rate.
Eligibility: 
Purpose: 
Financing rate: 
Maximum financing amount: 
Maximum tenure: 
Availability: 

Financing for SMEs Affected by COVID-19
Special Grant PRIHATIN

Programme Brief

Assistance: Special Grant PRIHATIN valued at RM3,000 for each qualified microenterprise companies.
Target Group: Small Medium Enterprises

  

Contacts

Ministry: Ministry of Finance 
Agency: Lembaga Hasil Dalam Negeri (LHDN)

Website: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1
Email: 

Telephone: 

Special Grant PRIHATIN  
Allocation: 
Objective: 
Eligibility: Malaysian SMEs*
Purpose: 
Financing rate: 
Maximum financing amount: 
Maximum tenure: 
Availability: 

How to apply?

Microenterprises needs to register with Lembaga Hasil Dalam Negeri (LHDN) to enjoy this facility.

List of Customer Care Officer:

http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

Financing for SMEs Affected by COVID-19
Assistance to Conserve Cash Flow

Human Resource Development Fund (HRDF) levy exemption

Programme Brief

Assistance: Human Resource Development Fund (HRDF) levy exemption for all sectors for a period of six (6) months beginning April 2020.
Target Group: All companies

How to apply?

Online application:

https://apps.hrdf.com.my:8443/INDCERT_EMP/

For any inquiry, please call or visit any HRDF Region Office nationwide:
https://www.hrdf.com.my/contacts-us/

No. Tel: 1800 88 4800
Fax: 03-2096 4999
Email: support@hrdf.com.my

  

Foreign Workers' Levy Discount

Programme Brief

Assistance: 25% reduction in foreign workers' levy payments to all companies whose work permit expires from 1 April to 31 December 2020 but does not apply to domestic help sector.   
Target Group: All companies

 

How to apply?

Immigration Department office nationwide:https://www.imi.gov.my/index.php/en/contact-us/address-and-locations.html

Contacts

Location: Malaysia

aNewMalaysia101@gmail.com

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Financing for SMEs Affected by COVID-19
List of Participating Financial Institutions for some programmes

BNM’s Financing Facilities to Assist Malaysian SMEs  >

https://www.bnm.gov.my/documents/2020/Additionalmeasures.20200327.appendix.pdf

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)

Tel: 1300 88 5465

Fax: 03-2147 1515

Email: bnmtelelink@bnm.gov.my
www.bnm.gov.my

 

Application can be made through Participating Financial Institutions (PFIs) nationwide, includes:

 

Development Financial Institutions (DFIs)

1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
No Tel: 03-2603 7700

Email: customercare@smebank.com.my
www.smebank.com.my

 

2. Bank Pertanian Malaysia Berhad (Agrobank)
No Tel: 1 300 88 2476

www.agrobank.com.my

3. Bank Simpanan Nasional
Contact Centre: 1 300 88 1900

www.mybsn.com.my

 

Manager:

Encik Safirol Hisham Said

No. Tel: 03-2162 3222 ext 15481

Email: safirol@bsn.com.my
 

4. Bank Kerjasama Rakyat Malaysia Berhad
No Tel: 1300-80-5454

www.bankrakyat.com.my

 

Commercial Banks

5. Affin Bank Berhad
www.affinbank.com.my

 

Please contact:

Corporate & Commercial Business

No. Tel: 03-2055 9000

Fax: 03-2032 1043

 

6. Alliance Bank Malaysia Berhad
No. Tel: 03-5516 9988

www.alliancebank.com.my

 

7. AmBank (M) Berhad
www.ambank.com.my

 

Please contact:

Asset Financing and Small Business

No. Tel: 03-2167 3000

Fax: 03-2780 0020

 

8. Standard Chartered Bank Malaysia Berhad
www.sc.com/my

 

Please contact:

Business Banking Department

No. Tel: 1300 888 111

 

9. CIMB Bank Berhad
No Tel: 1300 888 828

www.cimbbank.com.my

 

Please contact:

SME Channel Department

No. Tel: 03-2619 1188

Fax: 03-2619 3168

 

10. Hong Leong Bank Berhad
www.hlb.com.my

 

Please contact:

Group SME Banking

No. Tel: 03-7661 7777

Fax: 03-2081 8935

 

11. Malayan Banking Berhad
No Tel: 1 300 88 6688

www.maybank2u.com.my

 

Please contact:

SME Department

No. Tel: 03-2070 8833

Fax: 03-2032 4031

 

12. CBC Bank (Malaysia) Berhad
No Tel: 1300 88 7000

www.ocbc.com.my

 

Please contact:

Business Banking Commercial Service Centre

No. Tel: 03-9317 5200

Fax: 03- 8318 5699

 

13. Public Bank Berhad
No Tel: 03-2179 9999

www.pbebank.com

 

Please contact:

Bahagian Perbankan Runcit, Bahagian Operasi Kredit

No. Tel: 03-2176 6000

Fax: 03-2163 9909

 

14. RHB Bank Berhad
www.rhbgroup.com

 

Please contact:

Bahagian Perbankan Komersil

No. Tel: 03-9287 8888

Fax: 03-9200 3257

 

15. United Overseas Bank (Malaysia) Bhd

www.uob.com.my
 

Please contact:

Bahagian Pinjaman Komersil

No. Tel: 03-2772 6633 / 6691

Fax: 03-2691 8418 / 2160

 

Islamic Banks

16. Affin Islamic Bank Berhad
www.affinislamic.com.my

 

Please contact:

SME Department

No. Tel: 03-2055 9231 / 9256

Fax: 03-2026 3969

 

17. AmBank Islamic Berhad
www.ambankgroup.com

 

Please contact:

Asset Financing and Small Business

No. Tel: 03-2167 3000

Fax: 03-2780 0020

 

18. CIMB Islamic Bank Berhad
www.cimbislamic.com.my

 

Please contact:

SME Channel Department

No. Tel: 03-2619 1188

Fax: 03-2619 3168

 

19. Bank Islam Malaysia Berhad
www.bankislam.com.my

 

Please contact:

Commercial Banking Group

No. Tel: 03-2726 7888

Fax: 03-2726 7818

 

20. Bank Muamalat Malaysia Berhad

www.muamalat.com.my
 

Please contact:

Head SME Banking Department

No. Tel: 03-2059 1211/ 2615 7089/ 2698 8787

Fax: 03-2070 7284/ 2692 6040

 

21. Maybank Islamic Berhad
www.maybank.com/islamic

No. Tel: 03-2070 8833

Fax: 03-2026 1726

 

22. Standard Chartered Saadiq Berhad
www.sc.com.my

 

Please contact:

Business Banking Department

No. Tel: 1300 888 111

 

 

23. Public Islamic Bank Berhad
No. Tel: 03-2176 6000 / 6666

Fax: 03- 2162 2224

www.publicislamicbank.com.my

 

24. OCBC Al-Amin Bank Berhad
No. Tel: 03-2034 5034

Fax: 03-2698 4363                 

www.ocbc.com.my/ocbc_alamin

 

Online application via the CGC imSME application platform (https://imsme.com.my)

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