Image by Jean-Philippe Delberghe

NEW GRANTS LAUNCHED!!!
Incentives and Financing Schemes for Businesses Under Malaysia’s Budget 2022

  FACTS:
* RM19 Bil for funding Micro, small and medium sized enterprises
* RM10 Bil for loans
* RM45 Mil For Industry4wrd Grants for manufacturing & service sectors
* RM423 Mil for R & D relevant Grants
* RM295 Mil for funding public learning institutions
* RM12 Mil Grants for Engineering, Science and Technology in the gallium nitride sector
* RM20 Mil for allocated for start-up economics through the Cradle Fund.
  This is in line with the aim of MyDIGITAL and MyStartup
* RM295 Mil allocation made to public learning institutions

Malaysia’s government announced its largest state budget in history on October 29, 2021, totaling 333.2 billion ringgit (US$80.2 billion) as the government aims
to spur post-pandemic growth in 2022.  

The budget provides several incentives, grants, and financing schemes for businesses. Several are also an extension of the benefits issued under the 2021 state budget. These include more than 19 billion ringgit (US$4.5 billion) in funding for micro, small, and medium-sized enterprises (MSMEs) and wage subsidy programs to help employers hire Malaysians. Moreover, the government has also dedicated 10 billion ringgit (US$2.4 billion) for loans dedicated to Bumiputera businesses (businesses owned by the country’s majority ethnic Malays).

The federal government’s initiative to allocate RM45 million to encourage technological transformation towards Industry4WRD among small and medium enterprises as well as mid-level companies in the manufacturing and service sectors.

Grants: RM423mil has been allocated under the Science, Technology and Innovation Ministry (Mosti) and the Higher Education Ministry for research and development purposes.



Presentation on New Grants in Budget 2022
by Mr Firdaus, Grants' Expert from SMI FUNDING

New Arrivals:
* Special Strategic Investment Fund (Grant)
* New Grants for 'Aerospace Industry: RM100Mil
* Green Technology Tax Incentive

THE MOST FAMOUS GRANTS WHICH ARE APPLIED
BY MOST OF BUSINESSES

SAG GRANT

Smart Automation Grant (SAG) aimed at encouraging the adoption of automation for industry players, particularly local manufacturers and service providers. Under this Smart Automation Grant scheme, the Government has allocated RM100 million, capped at up to RM1 million per company. 

INDUSTRY4WRD GRANT

 It is a financial support facility for Malaysian SMEs in the manufacturing and related services sectors to embrace Industry 4.0. This Fund is eligible for all SMEs which have completed the government-funded Industry4WRD Readiness Assessment (RA) programme.

TRAINING GRANT

The grant are matching grant (50:50) can be from RM50,000 up to RM1,000,000. based on the criteria and guidelines. The good and better employees guarantees for stable business