SME Digitalisation Grant Scheme
RM150 million allocated for SME Digitalisation Grant Scheme and Automation Grant. The eligibility for these grants have also been relaxed.
RM150 million allocated to train and give equipment to help 100,000 local entrepreneurs shift their businesses online.

Exemption from Stamp Duty
Loans taken up by contractors rescuing abandoned housing projects and the purchasers of such projects are exempted from paying stamp duty until 31 December 2025.

Wage Subsidy
Wage subsidies which can be applied for from PERKESO will be extended for 3 more months, but targeted at sectors such as tourism and retail.
The subsidies are capped at RM600 per month for those earning RM4,000 or less.
This is part of the government’s measures to keep existing jobs and generate new jobs.

PenjanaKerjaya Incentive (Hiring Incentive)
For sectors with a high reliance on foreign workers such as construction and plantations, a special incentive of 60% of monthly wages will be provided by PERKESO whereby:

• 40% will be channelled to the employer; while
• 20% will be channelled as a wage top up to the local worker replacing the foreign worker.

High Technology Fund
A High Technology Fund worth RM500 million will be provided by Bank Negara Malaysia (BNM) to support high technology and innovative companies.

The fund will enable Malaysia to remain competitive in the global supply chain, maintain the supply chain ecosystem and protect high skilled jobs.

Shop Malaysia Online
RM150 million is allocated to MDTCA to implement the Shop Malaysia Online initiative together with e-commerce platforms to encourage online spending.
RM35 million is also allocated to MDTCA to promote Malaysian-made products and services under the Trade and Investment Mission.
This will benefit 500,000 local sellers including the halal products and handicrafts entrepreneurs.

Jana Niaga Platform
Introduction of a reverse factoring platform, known as the National Supply Chain Finance Platform (“Jana Niaga”).
This will benefit SMEs who have cash flow problems due to the long invoice payment period as well as to help them secure loans from financial institutions.
The Jana Niaga platform will be led by EXIM Bank. RM300 million will be provided by EXIM Bank to drive Jana Niaga. For now, Jana Niaga will be implemented together with Petronas and Telekom Malaysia.

Peer-to-peer Financing (P2P)
To support P2P platforms, especially those based on invoice financing, RM50 million will be allocated based on a matching investments basis.
Micro credit financing worth nearly RM1.2 billion will be provided through TEKUN, PUNB, Agrobank, BSN and other financial institutions.
This includes RM110 million to Micro Enterprises Facility under BNM to encourage entrepreneurship among gig workers and self-employed and to support the iTEKAD program.

Financing to SMEs
Through Perbadanan Usahawan Nasional Berhad (PUNB), RM230 million will be allocated as financing to SMEs for:

• Working capital;
• Upgrading of automation systems; and
• Equipment and expenditure related to the implementation of COVID-19 SOP compliance.