| SOFT LOAN FOR MACHINERY/EQUIPMENT, RURAL INDUSTRIAL PROGRAMMED |
| Eligibility | - Project operating in the rural area.
- Project locating at the suburb area of City Council with lower socio-economic level.
- 100% bumiputra-owned business.
- Business registered with CCM.
- Full time project.
|
| Industry | - Services
- Franchise/Vendor
- Manufacturing
|
| Financing Purpose | - To increase the productivity through automation
- To provide funding at low interest rate.
- To promote the participation of rural entreprenuer in the manufacturing sector.
|
| Applicant Status | - New Company.
- Existing Company.
|
| Amount of Financing | - Min : RM 20,000
- Max : RM 250,000 (companies operating less than 3 years)
- Max : RM 500,000 (companies operating more than 3 years)
(Note : max. loan amoun of RM 250,000, the repayment amount is 70% whereby another 30% is a grant).
|
| Interest Rate | 5 % per annum.
|
| Repayment Period | 3 - 6 years (inclusive 1 year grace period).
|
| Commitment Fees | No commitment fees.
|
| Other Conditions | Not applicable for purchase of vehicles and office equipment, wiring cost, set up or renovation of factories and workshops
|
| Futher Information | Ministry of Rural Development,
Blok D9, Parcel D,
Kompleks Kerajaan Persekutuan,
62606 Putrajaya, Malaysia
Tel: 603 8889 3500 / 8889 3700
Fax: 603 8889 2104 |
