The High Tech Facility – National Investment Aspirations (HTF-NIA) Engagement by BNM

The High Tech Facility – National Investment Aspirations (HTF-NIA) Engagement by BNM

Bank Negara Malaysia has recently reached out to the associations and business chambers in Malaysia, including MyRAS, to share its latest effort to help the businesses effected by the COVID-19 pandemic. It has share details of it’s latest program dubbed “High Tech Facility-National Investment Aspirations (HTF-NIA)” aimed to help SMEs sustain business operations, safeguard jobs and encourage domestic investments by providing affordable financing via BNM’s Fund for SMEs. A short introduction on this program in the video, facebook.com/watch/?v=5195194313867241

Objective

Support affected high tech and innovation-driven SMEs that are best aligned to strategic long-term development goals embedded in the National Investment Aspirations (NIAs). This is to strengthen Malaysia’s competitive positioning in global value chains, preserve the supply chain ecosystem and safeguard high-skilled jobs.

Features of High Tech Facility – National Investment Aspirations* (HTF-NIA)

Eligibility criteriaViable Malaysian SMEs** in the following subsectors:

  • Within manufacturing and services subsectors with high National Investment Aspirations (NIAs) scores:
  1. Electrical and Electronics (E&E);
  2. Chemicals (including pharmaceuticals and refined petroleum);
  3. Optical Scientific Equipment and Medical Equipment;
  4. Machinery & Equipment (including Robotics, Drones, and Industry 4.0 technologies);
  5. Transport equipment covering aerospace, vehicle and parts manufacturers involved in global
  6. supply chains or transitioning towards future mobility and green technology;
  7. Information and Communication Technology (ICT); and
  8. Research and Development (R&D) services.
  • SME project participants in key Government programmes involved in research, development and innovation for critical technologies identified under national blueprints, from IR4.0-Related technologies, green technology and biotechnology Note: Recipients of Special Relief Facility (SRF), PENJANA SME Financing (PSF), PENJANA Tourism Financing (PTF) and Targeted Relief and Recovery Facility (TRRF) are eligible for the HTF-NIA, for the purpose of financing capital expenditure only
Purpose of financing
  • Working capital; and/or
  • Capital expenditure (CAPEX)
Financing size
  • Up to RM1 mil per SME for working capital; or
  • Up to RM5 mil per SME for CAPEX or a combination of working capital and CAPEX
Financing rate to SMEs
  • Up to 3.5% p.a. for financing without guarantee; or
  • Up to 5% p.a. inclusive of guarantee fee
TenureUp to 7 years
Application procedureSubmit application directly to the Participating Financial Institutions (PFIs) and approval will be subject to the credit assessment of PFIs
AvailabilityUntil 31 Dec 2021 or full utilisation (whichever is earlier)

Participating Financial Institutions for High Tech Facility – National Investment Aspirations (HTF-NIA) 

  1. Affin Bank Berhad / Affin Islamic Bank Berhad
  2. Alliance Bank Malaysia Berhad / Alliance Islamic Bank Berhad
  3. AmBank (M) Berhad / AmBank Islamic Berhad
  4. Bangkok Bank Berhad
  5. Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat)
  6. Bank Muamalat Malaysia Berhad
  7. Bank of China (Malaysia) Berhad
  8. Bank Pertanian Malaysia Berhad (Agrobank)
  9. CIMB Bank Berhad / CIMB Islamic Bank Berhad
  10. Export-Import Bank of Malaysia Berhad (EXIM Bank)
  11. HSBC Bank Malaysia Berhad / HSBC Amanah Malaysia Berhad
  12. Hong Leong Bank Berhad / Hong Leong Islamic Bank Berhad
  13. Malayan Banking Berhad / Maybank Islamic Berhad
  14. MBSB Bank Berhad
  15. OCBC Bank (Malaysia) Berhad / OCBC Al-Amin Bank Berhad
  16. Public Bank Berhad / Public Islamic Bank Berhad
  17.  RHB Bank Berhad / RHB Islamic Bank Berhad
  18. Small Medium Enterprise Development Bank Berhad (SME Bank)
  19. Standard Chartered Bank Malaysia Berhad
  20. United Overseas Bank (Malaysia) Berhad

About the BNM’s Fund for SME 

The BNM’s Fund for SME is an RM1 Billion fund set up by BNM Support affected high tech and innovation-driven SMEs that are best aligned to strategic long-term development goals embedded in the National Investment Aspirations (NIAs).

A full list of FAQ, including criteria for application of the fund can be downloaded via this link: https://www.bnm.gov.my/o/covid-19/FAQ-HTF-ENG.pdf

Assistance for B40 and Micro Businesses

For the B40 and Micro Businesses, BNM has also programs under “Bantuan Bayaran Balik Pinjaman Bersasar”. More information on the programs offered can be obtained from their website: https://www.bnm.gov.my/o/covid-19/tra_bm.html

7 assistance programs initiated under BNM

https://www.facebook.com/watch/?v=124537346063533

More information on BNMs COVID19 related assistance at BNMs website: https://www.bnm.gov.my/o/covid-19/index.html

Advice from BNM and AKPK

BNM and AKPK shared their advice for SMEs that require assistance paying back their loans and how AKPK can help you  if your application for loans have been rejected. 

 
 


 
 

On a final note, we at MyRAS wish you all the best in this trying times and we hope this information sharing can help you in weathering this storm that is the COVID 19 pandemic. Please do share this piece with you friends and business associates. Thank you very much.

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