Sarawak Micro Credit Scheme opens for application
The Sarawak Micro Credit Scheme (SKMS) is open for application, beginning 1 April2020. The scheme is designed to help small and medium enterprises (SMEs) in Sarawak, divided into SKMS I and II.
SKMS I provides loans or financing of RM1,000 to RM10,000, with no interest or profit rate to entrepreneurs from the B40 (low-income) group.
SKMS II provides loans or financing of RM5,000 to RM50,000, with interest or profit rates of four per cent based on the reduced monthly balance (more or less equivalent to two-per cent effective rate) to small-scale and micro-entrepreneurs.
Please click for Brochure, Checklist and Application-Form.
Posted Date: 1 Apr 2020