Fund­ing and in­cen­tives for SMEs in Bud­get 2018

The Star Malaysia - StarBiz - - Smebiz -

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

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