ESG GRANT-BEST IN MALAYSIA FOR SMEs and MTCs-KUALA LUMPUR

The Domestic Investment Accelerator Fund (DIAF) is a matching grant program designed to encourage the adoption of ESG practices by Malaysian-owned MTCs and SMEs in the manufacturing and specific services industries. SMI FUNDING specifically deals with grants and have a vast

There are many grants in malaysia, please visit here to view other grants. SMI Funding's consultant will help you to decide on which financial solution is suitable for you. Please text here to get answers

ESG Grant Presentation by Mr Firdaus from SMI FUNDING

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Make the switch to ESG practices.

The DIAF ESG grant is awarded on a case-by-case basis using a matching system of either 50:50 or 70:30, with a maximum reimburseable sum of RM500,000 per company, contingent upon grant availability.

To support and encourage SMEs and MTCs to adopt ESG practices by validating and confirming ESG adoption are the primary goals of this award.

Certification, disclosures, and for the purchase of software or a technological system to be used in ESG tracking and data gathering;

To guarantee that Malaysian MTCs and SMEs stay competitive and relevant in the global supply chain and to provide them with the chance to participate in the ecosystem for sustainable investment projects; and to improve the MTCs' and SMEs' chances of receiving money from banking institutions, venture capital firms, and private equity firms that are required to support ESG initiatives.

ELIGIBLE EXPENDITURES:

Eligible expenditures incurred related to the adoption of ESG practices based on the following activities: Costs related to validation and verification, and/or certification for ESG adoption and/or tracking of carbon emissions and ESG disclosures; and First year’s subscription of system and/ or software for data collection and tracking of ESG adoption and/or GHG emissions.

Non-eligible expenditures:

The following expenses are included:

a) Staff training and capacity building;

b) Purchasing or renting land, buildings, offices, cars, or furniture;

c) Renting or buying automation machines, equipment, refurbishing, or retrofitting;

d) Maintenance and repair costs, including premise renovation;

e) Wages paid to employees;

f) Employee benefits programs;

g) Legal and stamp duty fees;

h) Insurance; i) Collateral or loan, including interest payments;

j) Office expenses and supplies, including general-purpose computers & peripherals and mobile phones;

k) Utility expenses;

l) Research & development expenses; m) Advertising and marketing expenses; and n) Any other common items.

ELIGIBILITY CRITERIA:

The Companies Act of 2016 requires the corporation to be incorporated.

At least 60% of the company's effective equity ownership must be held by Malaysians.

The business has a current business license issued by the relevant local authority.

For more information on Eligibility criteria please text here

Please ask us here regards to following required factors:

Please view here all the available grants

PROJECT DURATION

APPLICATION PROCEDURES

DISBURSEMENT OF GRANT

The senior consultant at SMI FUNDING will assist you from the start of the procedure till approval and ensure that everything goes successfully.