GOVERNMENT GRANT LIST AS AT FEBRUARY 2023
Here’s a collection of government grants available
- Program Agropreneur Muda, PAM
- RiSE4WRD
- Market Development Grant, MDG
- Service Export Fund, SEF
- Business Recapitalisation Facility, BRF & Low Carbon Transition Facility, LCTF
- SMERF
1 Program Agropreneur Muda, PAM
The Program Agropreneur Muda (PAM) is a program aiming to encourage young people to participate in all aspects of agriculture, making agriculture a sustainable income-generating career in future.
Condition to apply:-
- Individuals from Malaysia between the ages of 18 and 40
- Possessing fundamental knowledge of reading, calculating, and writing
- Training programs approved by the Ministry of Agriculture and Food Industries or its subsidiaries are required for new applicants.
- New applicants can avoid the training course if they have a qualification from the Malaysian Qualifications Agency (MQA) or another institution with a focus on agriculture.
- Prior those who possess lands that can be used for project implementation
Further Details: https://www.mafs.gov.my/
2 RiSE4WR
RiSE4WRD is a programme launched by Human Resources Development Corporation (HRD CORP) to support the Fourth Industrial Revolution (IR 4.0).
Target Group
- Participants in the Industry4WRD Readiness Assessment who are SMEs
- SMEs who choose to pursue training in accordance with the Industry4WRD Readiness Assessment report
Requirements
- To be eligible to participate, SMEs in the manufacturing and service industries must complete a Readiness Assessment (RA) and identify the high-tech instruments used in their transformation plans.
Further Details:
3 Market Development Grant
The Market Development Grant (MDG) is a support initiative in the form of a reimbursable grant. MDG was introduced in 2002 with the objective of assisting exporters in their efforts to promote Malaysian made products or services globally.
Eligible recipients
- Small and Medium Enterprises (SMEs)
- Professional service providers (Sole proprietor or partnership)
- Trade and industry associations, chambers of commerce or professional bodies
- Co-operatives
Allowance amount
- Up to RM300,000 per company
- Reimbursements are contingent on the availability of government funds.
Further Details: https://www.matrade.gov.my/mdg/
4 Services Export Fund, SEF
SEF provides assistance to Malaysian Service Providers (MSPs) to undertake activities to expand and venture into the international market.
The objectives are:
- Increasing the international competitiveness of Malaysian service providers (MSPs).
- Increase MSP accessibility and export in the global market;
- To broaden the scope of export promotion in order to gain market access and export opportunities for services; and
- To raise Malaysia’s international profile as a competent service provider and to brand Malaysia as a service supplier.
Further Details: Services Export Fund
5 Business Recapitalisation Facility, BRF
Bank Negara Malaysia (BNM) will introduce 2 new facilities under BNM’s Fund for SMEs:
- Participating financial institutions (PFIs)
- Equity financing through third party equity financiers (blended finance)
- Financing Amount: Up to RM 5 million
- Financing Period: Up to 10 years
- Financing Rate: Up to 3.5% – 5%
Low Carbon Transition Facility, LCTF
Aiming to encourage SMEs to adopt sustainable practices for business resilience.
- Financing Amount: Up to RM 10 million
- Financing Period: Up to 10 years
- Financing Rate: Up to 5%
Further Details: https://www.bnm.gov.my/sme-financing
6 SMERF
New financing assistance scheme (SMERF) is here for SMEs to support SME overcome the Covid-19 pandemic!
Details:
- Financing amount up to RM250,000 / 90% of total costs of eligible items
- Who is eligible？
- Qualified SME
- Companies incorporated in Malaysia
- At least 60% equity held by Malaysians
Further Details: https://belanjawan2021.treasury.gov.my/manfaat/index.php/en/