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Incentive Category
Scope of Funding

1. To accelerate local SMEs in adoption of e-commerce and encourage & increase utilization of digital technologies among local SMEs as a means to escalate competitiveness & efficiency and marketability.
2. Soft Financing
i. Financing amounts up to Ringgit Malaysia One Million (RM1,000,000) per application.
ii. Margin of financing up to 90% of the total costs (as per eligible items) including legal fees related to the financing and financing tenure up to 5 years.

Application Method

Applications for financing should be submitted to MIDF through https://www.growyourbusiness.com.my/

Qualification Criteria

1. SME incorporated under the Companies Act 1965/2016 or enterprises registered under the Registration of Business Ordinance 1956.
2. At least 60% equity/ownership held by Malaysians.
3. Possess a valid business license issued by local authority.
4. In operation for more than 6 months.

Contact Information

Business Advisory Unit
Development Finance Business (DFB)
15th Floor, Menara MIDF,
No. 82, Jalan Raja Chulan,
50200 Kuala Lumpur.
 

Email
growyourbusiness@midf.com.my
Telephone
1300-88-6433
Last modified
28 August 2023