Malaysia s Central Bank provides financing facility for SMEs Tuesday 1 June 2021 11:06 CET | News
Malaysia’s Central Bank has established a 1 billion ringgit (USD 241 million) financing facility the High Tech Facility – National Investment Aspirations (HTF-NIA) to support local high-tech and innovation-driven small and medium-sized enterprises impacted by the pandemic.
Eligible companies can receive up to 1 million ringgit (USD 241,000) as working capital and up to 5 million ringgit (USD 1.2 million) for capital expenditure (CAPEX). HTF-NIA is available until December 31, 2021, or until the funding has been fully utilised (whichever comes first).
SMEs that are not eligible for the HTF-NIA can apply for other financing facilities from BNM, such as the SME Automation and Digitalization Facility (ADF). Under this scheme, businesses can receive up to 3 million ringgit (USD 725,000) for the purchase of equipment and software that accelerates the automation and digitalisa