MITI: RM58.91m disbursed in 1Q for SME automation, modernisation

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KUALA LUMPUR: Malaysian Industrial Development Finance Bhd (MIDF), an agency under the Ministry of Investment, Trade and Industry (MITI), has disburse...

: Malaysian Industrial Development Finance Bhd , an agency under the Ministry of Investment, Trade and Industry , has disbursed RM58.91 million to 17 small and medium enterprises in the first quarter of 2024 for automation and modernisation.

As for the Industry4WRD Intervention Fund , he noted that applications from 401 Malaysian SMEs were approved, with a total grant value of RM149.1 million, as of March 31, 2024. The top three approvals were for food manufacturing , plastic products , and machinery and equipment .

 

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