Purpose of Financing
- Working capital and /or;
- Capital expenditure (CAPEX)
Tenure
- Up to 10 years
Eligibility Criteria
Malaysia SMEs* in the following sectors:
Manufacturing
- Electrical and Electronics (E&E),
- Chemicals,
- Refined petroleum,
- Machinery and Equipment (M&E),
- Medical devices & pharmaceuticals,
- Automotive and transport equipment (including aerospace; vehicle and parts manufacturers).
Services
- Information and Communication Technology (ICT),
- Research and Development.
Or
Businesses (including commercially ready start-ups) involved in providing technology solutions:
Green Technology
- Renewable energy & energy efficiency,
- Transportation.
– Clean transportation, electric vehicle, battery development - Natural resources
– Sustainable water and waste management
– Aquatic conservation and pollution prevention - Circular economy
– Reusing, recycling and remanufacturing
– Repurposing of stranded assets - Agritech
– Precision and automated farming
– Vertical farming
-Farming using drones, IoT and big data analytics - Low carbon technologies
– Low carbon-emitting technologies (Carbon, capture, utilisation and storage (CCUS), low carbonhydrogen)
Businesses (including commercially ready start-ups) involved in providing technology solutions:
Digital And 4IR Technology
- Smart manufacturing (IoT solutions),
- Artificial Intelligence (AI),
- Big data analytics,
- Virtual/ Augmented reality,
- Robotics,
- Drone technologies,
- Connectivity and distributed infrastructure (5G, blockchain, cloud computing),
- 3D printing,
- Software development (digital healthcare technology, e-commerce, fintech and payment platform, gaming mobility solutions)
Biotechnology
- Neurotechnology,
- Biohealth (genetics),
- Biosciences (crop and yield improvement).
Or
- SMEs and start-ups in key Government programmes that are involved in innovation and commercialisation for range of critical technologies such as 4IR-related technology, green technology, digital and biotechnology under national blueprints. List of eligible programmes will be updated periodically at www.bnm.gov.my/covid19
Note:
1. Recipients of Special Relief Facility (SRF), PENJANA SME Financing (PSF) and/or PENJANA Tourism Financing (PTF) are eligible for the HTG, for the purpose of financing capital expenditure only.
2. All programme participants are encouraged to obtain a letter from the respective agencies to ease verification process by PFIs
Financing Rate To SMEs
- Up to 3.5% p.a. for financing without guarantee; or
- Up to 5% p.a. inclusive of guarantee fee.
Application Procedure
- Submit an application directly to the Participating Financial Institutions (PFIs) and approval will be subject to the credit assessment of PFIs.
Availability
- Until 31 December 2023
*At least 51% of shares held by Malaysians and as defined by SME Corporation Malaysia’s Guideline for SME Definition, accessible at https://www.smecorp.gov.my/Guideline on SME Definition (Updated Sept 2020).
*Terms and conditions apply.
