MIDF launches new financing scheme for SMEs to encourage tech adoption

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KUALA LUMPUR: Malaysian Industrial Development Finance Bhd (MIDF), through its Development Finance Division (DFD), has introduced a new financing sche...

Malaysian Industrial Development Finance Bhd , through its Development Finance Division , has introduced a new financing scheme -- the Soft Financing Scheme for Digital and Technology to encourage more companies to adopt technologies as part of the new normal and way of doing business.

The scheme offers financing of up to RM1 million or up to 90 per cent of total costs of eligible items, including legal fees related to the financing, as well as an interest rate as low as four per cent.

 

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