C14/2020: “MIDF Soft Financing Scheme for Digital & Technology (SFDT)

We would like to share a news with you which is quoted as per below:

“MIDF Soft Financing Scheme for Digital & Technology (SFDT)

Malaysian Industrial Development Finance Berhad (MIDF) is an agency of Ministry of International Trade and Industry (MITI) has been instrumental in helping local entrepreneurs with the provision of financing facilities at Government preferential rates for manufacturing and services sector since 1960.

MIDF had established Soft Financing Scheme for Digital & Technology (SFDT), primarily to encourage and increase utilization of digital technologies among local SMEs as means to escalate competitiveness and efficiency and marketability.

Under SFDT, members will be enjoying better financing features as depicted herein:

  1. As low as 4% p.a on yearly reducing balance
  2. Financing amount up to RM1 million
  3. Up to 90% financing; and
  4. Up to 5 years repayment tenure

Members who are keen to explore SFDT and wish to grow their business further, they can email to GrowYourBusiness@midf.com.my or speak to MIDF Business Advisory Consultant at 1-300-88-6433.

For more details/queries on this SFDT, kindly refer to the leaflet attached.”