Technology Entrepreneur Financing Scheme (SPiM Tekno)
Objectives
- To provide business financing facilities specifically for entrepreneurs in the field of technology and under the Techno Entrepreneur Development Programme
Terms and Conditions
Basic terms
- Malaysian citizen and Bumiputera
- Aged between 18-60 years
- Have gained enough experience / knowledge in the ventured business
- Have a valid business registration (SSM)
- Operate in a business premise
- Have a license / permit / letter of authorization from the local authority (PBT)
- Operate a full-time business
- Have been operating the business for at least six (6) months
- Engaged in a syariah compliance business
- Not a MARA blacklisted individual
- Pass the psychometric test (with a score of 55% and above)
- Able to contribute own capital of not less than 10% of the project cost
Scope of Financing
- Revolving Capital
- Purchase of machinery and equipment
- Renovation of business premises
Financing Limit
Sole Proprietorshop / Partnership :
Minimum: RM50,000.00
Maximum: RM250,000.00
Private Limited (Sdn. Bhd) :
Minimum: RM50,000.00
Maximum: RM500,000.00
Financing Period
1-10 years @ 12-120 months
Guarantee / Collateral
- Guarantee
One or more guarantors with a monthly fixed income of not less than 3% of the total financing applied.
Or
- Collateral
Land collateral with Forced Sale Value of at least 10% of the financing applied
Or
- A combination of both
Or
- Fixed Deposits
Islamic fixed deposit (General Investment Account) based on 10% of the financing value
- Financing to private limited (Sdn. Bhd.) company requires guarantee/ assurance of all the Board Members
Profit Rate
4%
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Last update: 31 March 2023 at 12:26:37
