ACTIVITY
2023-10-04
BRIEFING SESSION WITH SME CORP. MALAYSIA
PRIMAS President, Mr. J. Govindasamy @ Suresh leaded a delegation of PRIMAS EXCO, Committee and Members for a Briefing Session with SME Corp Malaysia in SME Corp. Malaysia in SME Hub, Level 4, Block B, Platinum Sentral, Jalan Stesen Sentral 2, KL Sentral, Kuala Lumpur.
Encik Md Zahidan Hassan & Encik Roshaidi Rosli, SME Corp. Malaysia's Business Councilors welcomed and hosted PRIMAS delegation. This Briefing Session was held to gather information on SME Corp’s Government Grant/Soft Loan - Financing to Micro, Small and Medium Enterprises (PMKS) in Malaysia
Both the Business Councilors gave a very useful information on SME Corp’s Products and Objective: -
 Helping SMEs especially in sectors affected during by Covid-19
pandemic and also open to those affected by floods.
 SME Strengthening Financing (SMERF)
 JUMPSTART FINANCING (JSF)
 Working Capital for Operations expenses or purchase of raw
material/consumables items and other expenses to finance short
term expenses.
 An existing revenue fallen at 30% during/ post pandemic & the
Business was closed for a period or periods of 3 months
in aggregate since 18th March 2020.
 Working capital requirement etc
 MSME Registration Status System
A registration system to validate MSME status of all business establishments that fullfill the MSME definition.
Who Should Register?
All business establishments in all economic sectors
Business establishments that would like to check their status
Business establishments that would like to acquire assistance and incentives targeted specifically for MSMEs, which are provided by the Government
What Can I get?
Confirmation of MSME Status
Once endorsed with MSME Status, the company will receive an MSME Status digital certification
Validity period of MSME Status certificate is two (2) years
How Do I Register?
Visit https://smereg.smecorp.gov.my/reg/
 MSME Digital Grant MADANI
 Micro Business Grant (GPM)
The Micro Business Grant (GPM) aims to encourage the development of micro enterprises through an integrated assistance program that includes financial assistance and advisory services. The program supports various capacity-building initiatives and improvement activities that help micro-enterprises increase productivity and accelerate growth.
Types of Help
Grant up to 70% of eligible costs (maximum RM200,000)
It was a very fruitful session for PRIMAS Members who have participated.