SME Bank will administer approximately RM2.8 billion in financing and grants under Malaysia’s Budget 2027, covering 12 programmes across seven priority sectors.
The allocation forms part of more than RM7 billion in government-mandated initiatives assigned to its parent company, Bank Pembangunan Malaysia Berhad (BPMB) Group.
Financing accounts for most of SME Bank’s allocation, with RM11 million earmarked for grants under two programmes.
Dana Kelestarian Alam 2.0 will receive RM600 million to finance Malaysian companies undertaking low-carbon initiatives and adopting more sustainable business practices.
Another RM500 million will go towards the Technology Adoption Fund, which supports digitalisation, technology adoption and Industry 4.0 initiatives in high-growth and high-value industries under the New Industrial Master Plan (NIMP) 2030.
The fund also covers contractors, manufacturers and installers of Industrialised Building System (IBS) components.
SME Bank will allocate RM558 million to entrepreneur development, including RM300 million under the Bumiputera Economic Development Programme to finance business expansion, including within the halal industry.
MySMELady 3.0 will receive RM100 million to support women-owned MSMEs, while the RM150 million Umbrella Ecosystem programme will finance businesses across franchise and licensing networks.
An RM8 million grant under Maju Usahawan Madani 3.0 will support capability development among underserved entrepreneurs, including youth, women, rural communities and social enterprises.
Of this, RM200 million will go towards the Special Fund for Tourism to support SMEs, while RM300 million under the Tourism Programme will help businesses in tourism and related sectors expand their capacity.
SME Bank will channel RM400 million into transportation, logistics and aerospace, split equally between two programmes.
Source link
