Overview of THe Fund
It provides funding to eligible women entrepreneurs to acquire equipment and machinery for immediate incorporation into company's manufacturing activity. The acquisition of the equipment and machinery must be for the improvement of the current production capacity or process.
Up to a maximum of 50% or RM1,000,000 whichever is lower depending on the merits of each application for majority (51%) woman owned company.
The project duration under The Fund is a maximum of 1 year for project implementation and product roll-out and 1 year for project monitoring/impact study.
An agreement will be signed between the Malaysian Government Agency (MGA) (on behalf of the government) and grant recipient detailing the terms and conditions of the funding.
Disbursement of Grant
Disbursement of grant will be made in accordance to the following:-
o Approved grant will be disbursed either on a matching or reimbursement basis according to the claims submitted by the grant recipient; and
o Approved grant will be disbursed in stages in accordance with the Grant Agreement and subject to the satisfactory progress of the project in terms of deliverables and milestones reached.