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Financial Inclusion

Financing for Small and Medium Enterprises


BNM's Fund for SMEs
(as at end-April 2019)

Fund Allocation

RM9.1 bil

Fund Availability

RM3.3 bil

SMEs are a critical component of the Malaysian economy, contributing more than a third of gross domestic product (GDP) and providing job opportunities to more than four million workers in Malaysia.

Banking institutions is the main source of financing for SMEs, providing more than 90% of total financing. Provision of SME financing is also complemented by the Development Financial Institutions, Bank Negara Malaysia’s Funds for SMEs and Government Funds.

Over the years, there have been various initiatives implemented to enhance SME Financing in Malaysia. Here is a quick view on how you can tap into the ecosystem

Unsure of where to seek advice on business development/capacity building, financing access and redress assistance, reach out to our SME Financing Touchpoints.

Access to BNM's Fund for SMEs

1. Bank Negara Malaysia’s Funds for SMEs / Tabung BNM untuk PKS

  • The objective of this fund is to enhance access to financing at reasonable cost for SMEs in all economic sectors

  • The funds are channelled through participating financial institutions (PFI), comprising all licensed banks, prescribed development financial institutions and the Corporate Guarantee Corporation Berhad (CGC).

  • Application must be submitted through any PFIs and approval will be subjected to the normal credit assessment of the PFI.

2. Bumiputera Entrepreneur Project Fund-i (BEPF-i) 

  • Provide financing to Bumiputera entrepreneurs who have been awarded contracts/projects by the Government, Government-related agencies, statutory bodies and reputable private/public companies.

  • For more details on BEPF-i, please click the link

 3. For other available Government funds, find out more at



Access to Microfinance
  • Skim Pembiayaan Mikro is a scheme that enables fast, easy and convenient access to business financing of up to RM50,000 without collateral from participating financial institutions (PFIs)

  • This scheme has been supporting the financing needs of micro enterprises since 2006 under the National Sustainable Microfinance framework where micro businesses can access to financing at a lower rate from Micro Enterprise Fund that is established by Bank Negara Malaysia, and is channelled through the PFIs of Pembiayaan Mikro.

  • For more information on PFIs offering Pembiayaan Mikro, click list of ten participating FIs and their Pembiayaan Mikro product features and the rates [Pembiayaan Mikro Financing Rates Comparative Table]

Financial Institutions

Product Name

Financing Rates

As advertised by FIs

Annual effective rates

  • Modal Usahawan 1 Malaysia-i (MUS1M-i) 
  • Agro TERAS/Nisaa'-i
  • Min: 7.92% (flat rate)
  • Min 14%


  • Skim Pembiayaan Mikro-I - Modal untuk Usahawan Kecil  (MUsK)
  • Skim Pembiayaan Mikro-I - Individu
  • Skim Pembiayaan Mikro-I - Tanpa Panel
  • 8.25% to 14.55%
    (flat rate)
  • 14.53% to  24.04%

(Note: rebate 2% - 4% monthly)

  • BSN Micro / BSN Micro-i
  • 6.38% to 11.26%
  • 11.48% to 19.20%

  • Cash First Personal Loan
  • Cash Vantage Personal Financing-i
  • 9.08% to14.28%
    (flat rate)
  • 15.84% to 23.65%

  • AmMikro Plus

Loan Amount RM5K to RM50K

  • 24% to 30%

Loan Amount RM20K to RM50K

  • BR+4.35% to  BR+4.60%

Loan Amount RM5K to RM50K

  • 24% to 30%

Plan B: Loan Amount RM20K to RM50K

  • 8.15% to  8.40%

  • Xpress Cash Financing-i
  • SME Micro Financing-i
  •  21% (flat rate)
  • 32.92%

Bank Islam logo for pembiayaan mikro table

  • i-TEKAD Microfinancing
  • 4% (flat rate)
  • 7.30%


  • Skim Micro Bazar Tok Guru / Pasar Besar Siti Khadijah
  • 3.75% to 6.50% (flat rate)
  •  6.98% to 11.68%


  • Retail Micro Financing
  • SME Micro Financing
  • 24%
  • 10% to12%
  • 24%
  • 10% to12%

  • PBMicro Finance
  • Term Financing-i / Micro Enterprise Fund
  • 1.8% to 2.5% p.m.
  • 21.6% to 30%


  • Easi Cash
  • 9.99% to 11.99% (yearly rest)
  • 11.47% to 13.70%
Other Initiatives

A. Online Financing Platform

1. imSME Portal

  • SME financing/loan referral platform owned and managed by Credit Guarantee Corporation Malaysia Berhad (CGC), with participation from 22 Financial Institutions including 5 Development Financial Institutions, 3 Agencies and 4 Alternative Financiers.

  • It is a channel to facilitate SMEs to access non-collateral financing/loans which allow SMEs to:

    • Access fast and real-time information on financing/loan options, anytime, anywhere 24/7.

    • Search for financing/loan by participating banks at their convenience, hassle-free.

    • Apply for loan/financing from a single platform.

  • For more details, visit

2. Investment Account Platform (IAP)

  • A multi-bank platform that facilitates channelling of funds from investors to finance viable ventures, including SMEs.

  • It is intermediated by participating Islamic banks via restricted Investment Account (RA) as governed under IFSA 2013 and DFIA 2002.

  • The platform is operated by IAP Integrated, a wholly-owned subsidiary of Raeed Holdings, where the latter is a consortium of six financial institutions namely Maybank Islamic, Bank Islam Malaysia Berhad, Bank Muamalat Malaysia Berhad, Affin Islamic Berhad, Bank Simpanan Nasional and Bank Kerjasama Rakyat Malaysia Berhad.

  • For further details, visit

B. Small Debt Resolution Scheme

  • Bank Negara Malaysia has established the Small Debt Resolution Scheme (SDRS) to assist viable SMEs that are constrained by impaired financing from single or multiple financial institutions by facilitating restructuring or rescheduling plan and where appropriate, providing new financing.

  • Download

C. Kaunter Informasi PKS@BNMLINK

D. Capacity Building Programmes

1. Train-the-Trainers

  • Bank Negara Malaysia has embarked on the Train-the-Trainers (TTT) programme in 2016, aimed at enhancing the capabilities of financial institutions in delivering quality advisory services to the SMEs.

  • This programme is a close collaboration between Bank Negara Malaysia, Bankers’ Associations led by the Association of Banks in Malaysia, SME Corporation Malaysia (SME Corp), Credit Guarantee Corporation Malaysia Berhad and Agensi Kaunseling dan Pengurusan Kredit. The programme was established to bridge the information asymmetry issues highlighted at the Workshop on SME Financing organised by the Bank for the industry and SMEs.

  • TTT will assist in enhancing the level of awareness on the availability of various initiatives and services established by the Government to assist SMEs.  

2. Awareness Programmes

  • Bank Negara Malaysia continuously conducts various outreach programme to SMEs and the public in promoting financial inclusion and SME financing access and participate in several events organised by the Ministries and key government agencies.

  • The programmes aimed at elevating the awareness level and knowledge among the entrepreneurs on various initiatives and assistances provided for the SMEs will be available from time to time and notification are through Bank Negara Malaysia’s website and social media plaforms.



SME Definition

The new definition took effect from 1 January 2014  and has been simplified under two categories, namely:

  • Manufacturing: Sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers; and

  • Services and other sectors: Sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers.

Overview of SME Definition by size of operations and sectors:

More details: