Funding and incentives for SMEs in Budget 2018

Strengthening SMEs

Skim Jaminan Pembiayaan Perniagaan for working capital and services sector (RM7bil)

Government Guarantee loans under SJPP to enable SMEs to automate production (RM1bil)

Syariah-compliant SME Financing Scheme with subsidy rate of 2% (RM1bil)

Soft loans, grants and training programmes for SME under SME Corp (RM200mil)

Development of halal industries and products under various agencies (RM82mil)

SME loans through Koperasi Jayadiri Malaysia Bhd (Kojadi) (RM50mil)

Indian Community Entrepreneur Development Scheme (SPUMI) under Tekun (RM50mil)

Accelerating exports

Expand export market and promotion (RM150mil)

Insurance coverage credit facility for SME exporters (RM1bil)

Loans to enhance automation of local furniture production for export (RM100mil)

Tax incentives

Extend the incentive period for Accelerated Capital Allowance on automation equipment 20182020

Accelerated Capital Allowance Incentive up to 200% for manufacturing and manufacturing-relatedservices sectors

Capital Allowance Incentive for ICT equipment beginning 20182020