The Star Online
30 October 2017
FUNDING AND INCENTIVES FOR SMES IN BUDGET 2018
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)
- 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
Web source: https://www.thestar.com.my/business/smebiz/2017/10/30/funding-and-incentives-for-smes-in-budget-2018/