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| FSMI2 (Bumiputra and Non-Bumiputra) |
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Fund For Small & Medium Industries 2 (FSMI2) facility is for working capital & expansion of productive capacity (purchase of new machineries, shophouses, extension of factory etc).
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| Features |
- Size of Fund: RM4.5 Billion (as per National Budget 2005).
- Fee: 1.0% p.a. commitment fee on the unutilised portion of overdraft and revolving credit facilities.
- Minimum size of funding: RM50,000 per customer.
- Maximum size of funding: RM3.0 million per customer (Inclusive of previous approval by CGC, if any).
- Tenure of facility: Up to 3 years (from the date of first drawdown from BNM).
- Not to be used for:
- Refinancing of existing credit facilities.
- Purchase of shares.
- Purchase of land and properties for investment purposes.
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| Eligibility |
- Malaysian-owned company (minimum ownership of 51%) with shareholders’ funds of not exceeding RM10.0 million.
- Sole Proprietorship.
- Partnership.
- Private Limited Companies.
- All projects that are viable in manufacturing sector (export and non-export) and services sector (refer to attach list).
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