Malaysia: Funding and incentives for SMEs in Budget 2018

• Oct 30, 2017

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 2018-2020

• Accelerated Capital

Allowance Incentive up

to 200% for manufacturing

and manufacturing-related-services sectors

• Capital Allowance Incentive for ICT equipment beginning 2018-2020

Source: http://www.thestar.com.my/business/smebiz/2017/10/30/funding-and-incentives-for-smes-in-budget-2018/#ou50garc7dgz69w4.99