What profit or interest rates apply to Sinar financing?

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Sinar Financing Offers Profit or Interest Rates Ranging from 3 to 5 Per Cent Annually

The Sinar programme, launched by the Ministry of Entrepreneur and Cooperatives Development (Kuskop) through SME Corp Malaysia, provides financial assistance to micro, small, and medium enterprises (MSMEs). This initiative offers three distinct financing programmes with available funding up to RM5 million. The profit or interest rates applicable to these financing options fall within a range of 3 per cent to 5 per cent per annum.
Details of Financing Programmes

These financing programmes are made available through collaborations with specific financial institutions. These include Malaysian Industrial Development Finance Bhd (MIDF), microLEAP PLT, and Funding Societies. The total financial assistance allocated for the Sinar programme amounts to RM205 million, aimed at supporting MSMEs in expanding their businesses amidst global economic uncertainties.
Inclusive Business Scaling Programme

Beyond direct financing, the Sinar initiative also incorporates the Inclusive Business Scaling Programme. This component focuses on capacity building, offering grants of up to 90 per cent for SMEs. The objective is to integrate inclusive communities into the supply chains of these businesses and to equip micro-enterprises with the necessary skills to elevate their operations.
Simplified Application Process

To streamline access to these support mechanisms, Kuskop has introduced a simplified requirement for financing applications. Businesses only need to obtain MSME Status, an official certification that validates a business as meeting the defined criteria for micro, small, and medium enterprises. Furthermore, a 50 per cent discount on applications for MSME Status is currently being offered, valid from this month until August 31.

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What profit or interest rates apply to Sinar financing?

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