Saturday, 24 February 2018, 8 Jamadilakhir 1439H Solat Time:
KL Imsak 6.00 | Subuh 6:10 | Syuruk 7:24 | Zohor 1:29 | Asar 4:46 | Maghrib 7:29 | Isyak 8:39

Funds for Small and Medium Industries 2 (FSMI2)

  • To ensure eligible SMEs in both the export and domestic-oriented sectors have access to financing at reasonable cost.
Purpose of Financing
  • Expansion in productive capacity; or
  • Working capital or both.
Financing Amount
  • Minimum: RM50,000
  • Maximum: RM5 million per group of customer
Financing Rate
  • 4% to 6% per annum
Financing Tenure
  • 5 years (maximum)
Eligibility Criteria
  • Business enterprise based on the definition of SMEs in Malaysia;
  • Maximum shareholders’ funds not exceeding RM2 million;
  • Shareholding by Public Listed Companies or Government-Linked Companies (if any) should not exceed 20%;
  • Malaysian residing in Malaysia and owned minimum 51% shareholding incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, registered with the Companies Commission of Malaysia or any other authoritative bodies; and
  • Not more than seven (7) years in operation. (However, participating financial institutions may consider cases of SMEs who have been in operation for more than seven (7) years).
Financing should not be used for:
  • Purchase of share;
  • Refinancing of existing credit facilities;
  • Purchase of land/Real estate investment
  • Properties development
  • Investment holding company
  • Activities where stock in trade is money (including credit, leasing, factoring and insurance businesses) and;
  • Non-economic or non-healthy activities
*Guarantee Cover
  • Maximum guarantee cover up to 80% of unsecured portion by Credit Guarantee Corporation (CGC).
*Guarantee Fee
  • Between 0.8% to 2.15% p.a.

Note : * Where applicable

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