Bank Ne​gara Malaysia Funded Schemes

The Bank Negara Malaysia Funded Schemes is part of the Government’s continuous effort to ensure eligible small and medium enterprises (SMEs) in all economic sectors have access to financing at reasonable​ cost.

Eligibility

Malaysian SMEs that fulfil all of the following criteria:

  • Meets the definition of SMEs issued by SME Corporation Malaysia;
  • Registered with the Companies Commission of Malaysia (SSM), authorities/district offices in Sabah and Sarawak or statutory bodies for professional service providers;
  • Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%;
  • Malaysians residing in Malaysia hold a minimum of 51% shareholding in the SMEs; and
  • Maximum shareholders’ funds not exceeding RM5 million

Financing should not be used for refinancing of existing credit/financing facilities

1) BNM’s Fund For SMEs – All Economic Sectors Facility (AES)

Purpose of Financing:

  • Working capital; or/and
  • Capital expenditures (e.g. purchase of machinery and equipment or renovation cost for owner-occupied business premises)

Tenure:

  • Maximum 5 years from th​e date of first drawdown from BNM

Amount of Financing:

  • Maximum RM5 million per SME

    Total Financing include financing:

    • approved under any of the facilities under the Fund, unless specified otherwise by BNM; and
    • to related companies of the SMEs that have common shareholder(s)

2) BNM’s Fund For SMEs – Agrofood Facility (AF)

The Facility is to increase agrofood production for Malaysia and for export purposes through the provision of financing at affordable rates. Agrofood activities eligible for financing under the Facility shall fulfil all of the following criteria:

  • Viable projects involving primary agrofood production (upstream), agrofood processing/manufacturing, or other agrofood downstream activities; and
  • Supportive of domestic primary agrofood production; and
    • For agrofood manufacturing, at least half of the key input is sourced domestically; or
    • For other agrofood related services, at least half of the activities are supportive of domestic agrofood production.
  • Domestic oriented, where at least half of the total production is sold in the domestic market.

Purpose of Financing:

  • Capital expenditures (e.g. purchase of machinery and equipment or renovation cost for owner-occupied business premises); or/and
  • Working capital; and
  • Development of agrofood projects. The land cost may be included in the computation of the total project cost provided that:
    • the amount does not exceed 30% of the total project cost; and
    • the land will only be used for primary agrofood production activities.​

Tenure:

  • Maximum 8 years from the date of first drawdown from BNM

Amount of Financing:

  • Maximum RM5 million per SME
  • Total Financing include financing:

    • approved under any of the facilities under the Fund, unless specified otherwise by BNM; and
    • to related companies of the SMEs that have common shareholder(s)

​3) BNM’s Fund For SMEs – Automation & Digitalisation Facility (ADF)

The objective of this Facility is to incentivise SMEs to automate processes and digitalise operations to increase productivity and efficiency.

Available of the facility – until 31 Dec 2020 or upon exhaustion of the RM300 million fund, whichever earlier

Purpose of Financing:

  • Purchase of equipment, machinery, computer hardware and software, IT solutions and services, technology support services and other intangible assets to enhance productivity and efficiency

Tenure:

  • Maximum 10 years from the date of first drawdown from BNM

Facility Type:

  • Term Loan

Interest Rate:

  • 4% per annum

Amount of Financing:

  • Maximum RM3 million per SME, inclusive of financing to related companies of the SMEs that have common shareholder(s)
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