Provide financing for SMEs to increase agrofood production for Malaysia and for exports.
Features/Criteria
Description
Financing purpose
Capital expenditures
Working Capital
Development of agrofood projects
Eligible agrofood activities are viable projects involving primary agrofood production (upstream), agrofood processing/ manufacturing, or other agrofood downstream activities. Half of the total production is sold in the domestic market, supportive of domestic primary agrofood production.
(Not for refinancing of existing financing facilities)
Eligibility criteria
Malaysian SMEs* that fulfil the following criteria:
Registered with the Companies Commission of Malaysia (SSM), or authorities/district offices in Sabah and Sarawak, 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 that hold a minimum of 51% shareholding in the business.
*Subject to the Bank's Internal credit and fulfilment
Maximum Financing Amount
RM5 million
Financing Rate
Up to 3.75% p.a. (inclusive of any guarantee fee)
Maximum Tenure
Up to 8 years
Availability
From 6 March 2020 until the scheme limit is fully exhausted or until expiry on 30 June 2021, whichever is earlier.
* For the manufacturing sector, SMEs are defined as firms with sales turnover not exceeding RM50 million OR number of full-time employees not exceeding 200.
* For the services and other sectors, SMEs are defined as firms with sales turnover not exceeding RM20 million OR number of full-time employees not exceeding 75.
SME customers are advised to contact our Relationship Manager for further information and assistance on the fund.
