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Special Assistance Scheme for Women Entrepreneurs
Short write-up
This scheme provides special assistance for women entrepreneurs to allow the women entrepreneurs to have a greater accessibility and flexibility in financing.
Objective
To integrate more companies/ enterprises owned and run by women into the mainstream of manufacturing through inter and intra industries linkage.
To enhance the global competitiveness of companies/ enterprises owned and run by women.
To upgrade the technological capabilities and technical skill and expertise of companies/ enterprises owned and run by women.
Qualifying Criteria
Manufacturing companies or companies providing manufacturing related services Incorporated under the Companies Act 1965 or enterprises in the manufacturing sector incorporated under the Registration of Business Ordinance 1956 with annual sales turnover of not exceeding RM25 million or full-time employees not exceeding 150.
For the services sector, businesses incorporated under the Registration of Business Ordinance 1956 with an annual sales turnover of not exceeding RM5 million or full-time employees not exceeding 50.
At least 60% equity held by Malaysians.
Possess valid premise license.
For a 100% owned Malaysian company:
- A minimum of 51% equity must be held by the woman/women; or
- In the case where the majority equity is not held by the woman/ women;
i. In the largest single shareholder must be a woman and the company is run and managed by a woman; or
ii. The MD/CEO is a woman and has a minimum equity of 10 % in the company.
For 60% Malaysian owned company
- A minimum of 51% of the local equity must be held by the woman/ women and the company is run and managed by a woman; or
- The MD/CEO must be a woman and she must hold a minimum 0f 10% in the company.
- For existing business of minimum period of one year, grants are offered for expansion programmes.
Form Of Assistance
Assistance is given in the form of a matching grant and soft loans from the Ministry of International Trade and Industry (MITI) and its agencies and Malaysia Technology Development Corporation (MTDC).
Related Web
http://www.smidec.gov.my
http://www.miti.com.my
http://www.mtdc.com.my
Joint us as a member of JUTALINE, you will enjoy the service of a group of our professional consultants in providing you with our professional advise through our web and emails.
Why hassle with the research of the rules and regulations, engage us to conduct on the necessary research just for you.
Join us now!
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