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 digitalisation of business operations.
Eligible SMEs engaged in advanced manufacturing and services sectors that are aligned with the long-term goals embedded in the National Investment Aspirations (NIA) plan, or SMEs participating in key government projects like the development of critical technologies, will qualify for HTF-NIA.
The facility is offered at a financing rate of up to 3.5% per annum for financing without guarantee or up to 5% per annum inclusive of guarantee.
SMEs are advised to contact the 20 participating financial institutions (PFI) to ascertain whether they are eligible for HTF-NIA financing.
If there are any guarantee coverage, then it can be provided by Credit Guarantee Corporation Malaysia (CGC). However, where applicable, this guarantee fee would already be included in the financing rate charged to the customers, which could be up to 5% per annum.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now