14 April 2009

More than 100 grants, soft loans for SMES

THERE are more than 100 grants and soft loans available to small- and medium-sized enterprises (SMEs) to tap into, to develop and grow their businesses.
SMEs have access to many aspects of funding. The bulk of the recent RM60 billion second stimulus package is also to support and help SMEs.
The second stimulus package also highlighted the importance of SMEs in the economic development of the country, with a 32 per cent contribution to the gross domestic product (GDP), said Deputy Finance Minister Datuk Kong Cho Ha at a forum last month, who has now moved to a new Ministry after a cabinet reshuffle.
The forum is an initiative under the MIRC four-year SME Development Blueprint which targets entrepreneurs, small office home office operators, sole proprietors and SMEs in the services, retail and manufacturing sectors.
Various financial institutions were featured at the forum to share the latest updates on grants and financing loans as well as to provide service and advice to SMEs in the face of the current challenging business environment.
Among them were Bank Negara Malaysia, EON Bank, EXIM Bank, the Small and Medium Industry Development Corp, Cradle Fund Sdn Bhd, Malaysia Debt Ventures Bhd, Credit Guarantee Corp and Malaysian Industrial Development Finance Bhd.
Kong said the government was committed to stimulating the domestic demand in order to support the economy growth, adding that themanufacturing sector was the most affected due to the reduced global demand.
The forum is held annually to help SMEs gain access to funding and the MIRC has teamed up with various financial institutions to create a one-stop centre for this purpose.


Anonymous said...

Looking for a way to apply to Malaysia incentives/ grant . Government had it announced for boosting economy, what way & where to apply one to set up a new business? Bank interest rates are too high & jobless person is facing tough world to go on...

Boyd J said...

Malaysia really needs boosts like these in order to keep its economy globally competitive. Small businesses are the future in that country.

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Boyd J said...

I'm still on the fence whether I should try my own restaurant business. My wife studied culinary arts, while I can manage the business side. I find success stories like these very inspiring.

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jonwilson said...

More power to small enterprises. Governments from all nations should follow suit and support new enterprises, which will benefit the economy in the long run.

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virtual office malaysia said...

Malaysia needs more of these opportunities. It helps foster the economy.

borneo tours said...

Business in the region is all set up. It's about choosing the right tradition.

Young Entrepreneur said...

Any idea how to apply for grant? In wits end over where and how to apply for a new setup. Please help :)

Anonymous said...

Please send to me the ways togo about getting or applying those said funds. I want todo a business - i know I willsucceed in it, as I have experienced it already before, but now I am tight, thus needing thefunds to start. pleaseemail to wanitam2008@yahoo.com. Alhamdulilah.

MalaysiaGrants.com said...

Right now, MDeC is offering Cloud Computing Grants for SMEs. Please go to http://www.malaysiagrants.com for more details.

Anonymous said...

If I want to join a entrepreneurship course, where can I apply the grant?
Please assist me @ adolph.chia@superiorgoldsilver.com

Thank you.
Adolph Chia