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MINISTRY OF RURAL AND REGIONAL DEVELOPMENT (MRD)
SOFT LOAN FOR MACHINERY/EQUIPMENT, RURAL INDUSTRIAL PROGRAMME
Eligibility
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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
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Services
Franchise/Vendor
Manufacturing
Financing Purpose
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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
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New Company.
Existing Company.
Amount of Financing
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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
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5 % per annum.
Repayment Period
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3 - 6 years (inclusive 1 year grace period).
Commitment Fees
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No commitment fees.
Other Conditions
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Not applicable for purchase of vehicles and office equipment, wiring cost, set up or renovation of factories and workshops
Futher Information
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Ministry of Rural Development,
Blok D9, Parcel D,
Kompleks Kerajaan Persekutuan,
62606 Putrajaya, Malaysia
Tel: 603 8889 3500 / 8889 3700
Fax: 603 8889 2104
