KUALA LUMPUR, May 3 (Bernama) — Malaysia Debt Ventures Bhd (MDV), owned by the Minister of Finance Incorporated, is allocating RM300 million this year for its newly launched Green Technology Financing Programme.
Managing Director and Chief Executive Officer Md Zubir Ansori Yahaya said under the programme, MDV would work together with Malaysia Green Technology Corp, to identify potential green certified companies for financial assistance.
“Green technology is a key driver in the nation’s development and an impetus for change in the world.
“Malaysia is well positioned to be a global leader in green technology.We are committed to playing a role in this growth industry, towards a sustainable future for Malaysia,” he told reporters after the launch of the programme here, Tuesday.
The Green Technology Financing programme is MDV’s third focus area, following Information Communication Technology (ICT) and Biotechnology.
The MDV programme is for local green technology companies growing beyond the pre-commercialisation stage.
With the new loan facility, eligible companies are able to receive contract financing from as low as RM250,000, with financing margins of up to 85 per cent of the contract value and loan tenure periods of up to 10 years.
“At MDV, we work hard to fill in the funding gaps in the financial ecosystem while providing financing for high growth in emerging sectors like ICT, biotechnology and green technology,” Zubir added.
To make the loan process easier for potential borrowers, it has been simplified, taking no more than 45 working days upon submission with complete company and project documentation.
Beyond funding facilities, MDV also provides value-added services to its clients, ranging from advisory services to guidance in industry best practices.