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 >
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:
Email:
Telephone:
and
Agency: TEKUN Nasional
Website:
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 >
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:
Email:
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 >
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:
Email:
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 >
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
-
Covid-19 Msian Govt Prihatin Economic Stimulus Package > latest Mar 27, 2020
-
Covid-19 Msian Govt BNM Loan Moratorium >
-
Covid-19 Private Initiated Assistance & Aid >
-
Covid-19 Msian State Govts Assistance & Aid >
Financing for SMEs Affected by COVID-19
Facility Automation and Digitalisation Facility (ADF)
BNM’s Financing Facilities to Assist Malaysian SMEs >
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:
Email:
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:
Telephone: 03-2088 8000 / 03-2690 0900
and
Agency: Majlis Agama Islam Wilayah Persekutuan (MAIWP)
Website:
Email:
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:
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:
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:
Contacts
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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 >
BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)
Tel: 1300 88 5465
Fax: 03-2147 1515
Email:
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:
2. Bank Pertanian Malaysia Berhad (Agrobank)
No Tel: 1 300 88 2476
3. Bank Simpanan Nasional
Contact Centre: 1 300 88 1900
Manager:
Encik Safirol Hisham Said
No. Tel: 03-2162 3222 ext 15481
Email:
4. Bank Kerjasama Rakyat Malaysia Berhad
No Tel: 1300-80-5454
Commercial Banks
5. Affin Bank Berhad
Please contact:
Corporate & Commercial Business
No. Tel: 03-2055 9000
Fax: 03-2032 1043
6. Alliance Bank Malaysia Berhad
No. Tel: 03-5516 9988
7. AmBank (M) Berhad
Please contact:
Asset Financing and Small Business
No. Tel: 03-2167 3000
Fax: 03-2780 0020
8. Standard Chartered Bank Malaysia Berhad
Please contact:
Business Banking Department
No. Tel: 1300 888 111
9. CIMB Bank Berhad
No Tel: 1300 888 828
Please contact:
SME Channel Department
No. Tel: 03-2619 1188
Fax: 03-2619 3168
10. Hong Leong Bank Berhad
Please contact:
Group SME Banking
No. Tel: 03-7661 7777
Fax: 03-2081 8935
11. Malayan Banking Berhad
No Tel: 1 300 88 6688
Please contact:
SME Department
No. Tel: 03-2070 8833
Fax: 03-2032 4031
12. CBC Bank (Malaysia) Berhad
No Tel: 1300 88 7000
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
Please contact:
Bahagian Perbankan Runcit, Bahagian Operasi Kredit
No. Tel: 03-2176 6000
Fax: 03-2163 9909
14. RHB Bank Berhad
Please contact:
Bahagian Perbankan Komersil
No. Tel: 03-9287 8888
Fax: 03-9200 3257
15. United Overseas Bank (Malaysia) Bhd
Please contact:
Bahagian Pinjaman Komersil
No. Tel: 03-2772 6633 / 6691
Fax: 03-2691 8418 / 2160
Islamic Banks
16. Affin Islamic Bank Berhad
Please contact:
SME Department
No. Tel: 03-2055 9231 / 9256
Fax: 03-2026 3969
17. AmBank Islamic Berhad
Please contact:
Asset Financing and Small Business
No. Tel: 03-2167 3000
Fax: 03-2780 0020
18. CIMB Islamic Bank Berhad
Please contact:
SME Channel Department
No. Tel: 03-2619 1188
Fax: 03-2619 3168
19. Bank Islam Malaysia Berhad
Please contact:
Commercial Banking Group
No. Tel: 03-2726 7888
Fax: 03-2726 7818
20. Bank Muamalat Malaysia Berhad
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
No. Tel: 03-2070 8833
Fax: 03-2026 1726
22. Standard Chartered Saadiq Berhad
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
24. OCBC Al-Amin Bank Berhad
No. Tel: 03-2034 5034
Fax: 03-2698 4363
Online application via the CGC imSME application platform (https://imsme.com.my)