Soft Loan Scheme For ICT Adoption (SLICT):
The Soft Loan was launched to assist SMEs in using information and communication technology (ICT) as a means to improve their competitiveness, efficiency and productivity.
1. Minimum Loan Size: RM20,000
2. Maximum Loan Size: RM500,000
3. Eligible Expenses: Upgrading Engineering Design Capabilities
- Purchase of design software or subscription fee/license fee for on - line engineering design services
• Purchase of computer hardware and related equipment
• Training cost
- Enterprise Resource Planning (ERP) Software:
• Purchase of ERP software or subscription to on-line ERP system, or other similar software
• Implementation costincluding system study, customisation and training
- Purchase of server & related networking equipment
4. Percentage of Financing: Up to 75 per cent of the cost of eligible items
5. Repayment Period: Up to 5.5 years including grace period of up to 6 months.
6. Interest Rate: 3 % per annum
Soft Loan For Automation And Modernisation (SLSAM):
The Soft Loan Scheme was launched in February 2007 to:-
i) encourage industries to modernise and automate their manufacturing processes;
ii) upgrade production capability and capacity; and
iii) assist companies in:- minimising dependence on labour-intensive activities and foreign labour; diversifying into higher value-added activities; and rationalising and streamlining their operations through mergers and acquisitions.
1. Eligibility: Companies incorporated under the Companies Act 1965 with:-
• at least 60 percent equity held by Malaysians;
• Possess valid business license; and
• In operation for at least 2 years.
2. Sector Coverage:
• manufacturing sector;
• electrical and electronics;
• wood products and furniture;
• plastics and chemical products;
• iron and steel;
• textiles and apparel
• automotive
3. Eligible Expenses: Industrial Adjustment / Automation
• Purchase of new or reconditioned machinery and equipment;
• Purchase of software and computer peripherals related to the industrial adjustment process;
• Purchase of new machinery, plant and equipment for the purpose of diversification into higher value-added activities;
• Costs related to the installation, commissioning and related training as well as maintenance of the machinery; and
• Expenses related to undertake services related to mergers and acquisition(M&A) such as registration fees and payment for services by investment bankers.
4. Minimum Loan Amount: RM100,000
5. Maximum Loan Amount: RM5.0 million.
6. Margin of Financing: Up to 85% for new machinery and equipment.
• Up to 60% for reconditioned machinery and equipment.
• Up to 70% for services engaged by the company for the purpose of M&A.
• Payment will be made upon defrayment of 30 percent of its services cost.
7. Repayment Period: 5 to 7 years including grade period of up to 1 year.
8. Interest rate: 4% on yearly rest.
The Malaysian Knitting Manufacturers Association
marketing@alchempro.com
