New Entrepreneuer Fund (NEF2)

New Entrepreneuer Fund (NEF2)

1 Total Fund
  • RM 1.5 Billion
2 Preferred Sector
  • Education
  • Food & Beverage
  • Healthcare
  • Industrial Chemicals incl. fertilizers and pesticides
  • Oil & Gas
  • Petroleum / Petrochemicals
  • Power / Water
  • Pharmaceuticals
  • Waste Treatment
3 Eligible Participants
  • Business enterprise based on the definition of SMEs
  • Maximum shareholders fund not exceeding RM2 million;
  • Shareholding by Public Listed Companies and Government Link Companies (if any) should not exceed 20%;
  • Wholly owned Bumiputera institutions residing in Malaysia incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966 and registered with the Companies Commission of Malaysia or any other authoritative bodies;
  • Not more than 7 years in operation. Discretion is given to consider SMEs with more than 7 years in operation provided average net profit is marginal over the last 3 years (i.e less than 5% net profit margin)
4 Limit of Facility
  • Maximum RM 5.0 Million
5 Interest Rate
  • Maximum of 6% p.a. (Applicable to application from 21st April 2006)
6 Tenure of Facility
  • Maximum of 5 years (From date of first drawdown from BNM)
7 Purpose of Financing
  • Expansion in productive capacity;
  • Working Capital; or
  • Both

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