Fund for Small and Medium Industries 2

Eligibility Criteria

• For legally registered Malaysian - owned companies (at least 5l%) in all economic sector, with shareholders equity of not more than RM2 million.
• Shareholding by Public Listed Companies and Government Lir1k Companies (if any) should not exceed 20%.
• Companies should not be more than 7 years in operation. Discretion is given to Participating Financial Institutions to consider SMEs with more than 7 years in operation provided average net profit is marginal over the last 3 years (less than 5% net profit margin)
• Financing is for working capital or expansion of productive capacity or both.
• Maximum amount eligible per borrower is limited up to RM5 million.
• Maximum financing period is 5 years.
• The Bank Negara cost of fund is 1.5% per annum.