Soft Financing Scheme for Digital & Technology (SFDT) by MIDF | MIDF launches new financing scheme for SMEs to encourage tech adoption

Soft Financing Scheme for Digital & Technology (SFDT) by MIDF | MIDF launches new financing scheme for SMEs to encourage tech adoption
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Malaysian Industrial Development Finance Berhad (MIDF), being an agency under the Ministry of International Trade and Industry (MITI) is to assist companies and enterprises in business operations in the form of soft loans which will help to reduce the cost of financing.

To further broaden their roles in assisting members in adopting digitalisation and technology, MIDF had established Soft Financing Scheme for Digital & Technology (SFDT), primarily to encourage and increase utilisation of digital technologies among local SMEs as means to escalate competitiveness and efficiency and marketability.

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


i.As low as 4% p.a on yearly reducing balance;
ii.Financing amount up to RM1 million;
iii.Up to 90% financing; and
iv.Up to 5 years repayment tenure



Attached is the detailed Soft Financing Scheme for Digital & Technology (SFDT) for your reference and attention.

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

Attachment:
1.  Soft Financing Scheme for Digital & Technology (SFDT)

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