Green Technology Financing Scheme 2 0

As a sign of commitment the government will bear 2 of the total interest profit rate.

Green technology financing scheme 2 0. A scheme designed to assist local companies and entrepreneurs which involved in green technology projects to support the national green technology agenda. In addition the government will provide a guarantee of 60 on the ficing amount via credit guarantee corporation malaysia berhad cgc with the remaining 40 ficing risk to be borne by participating financial institutions. To finance capital expenditure purchasing of new and re conditioned equipment. Gtfs gtfs i 2 0 was established by the government aimed to encourage local companies and entrepreneurs to be involved in green technology based projects to support the national green technology agenda.

Transportation cost can be included in the financing amount for purchase of equipment from local or overseas supplier. Green technology financing scheme 2 0 gtfs 2 0 1. A list of approved green components shall be provided by greentech malaysia with issuance of the green project certificate. Interest profit rate subsidy for the first seven years and 60 government guarantee of green component cost to financial institutions.

Producer of green technology to finance investment for the production of green technology products. The green technology financing scheme 2 0 gtfs 2 0 by the energy science technology environment and climate change ministry mestecc has received an overwhelming response. Green technology financing scheme 2 0 gtfs 2 0 gtfs is a financing scheme offered to investors which is supported by the government offering a 2 p a. Fsti 2 0 also aims to strengthen support for large scale innovation projects and build a stronger pipeline of singaporean talents in fintech.

Mas announced that it will commit s 250 million over the next three years under the enhanced financial sector technology and innovation scheme fsti 2 0 to accelerate technology and innovation driven growth in the financial sector. Rm2 0 billion fund for green technology financing scheme 2 0 in line with the announcement made during 2019 budget mof via a letter dated march 6th 2019 has approved to reinstate gtfs 2 0 which is an extension to the earlier scheme with a new financing fund. Green technology has been envisaged as one of the emerging drivers of economic growth for malaysia. The scheme could benefit companies who are producers and users of green technology.

The maximum financing tenure allowed for working capital is 5 years and maximum financing amount is rm5 million. The scheme is also available for the financing of working capital for the purchase of raw materials.