KUALA LUMPUR, Oct 22 (Bernama) — Malaysian Debt Ventures Bhd (MDV), a wholly-owned subsidiary of the Minister of Finance (MoF) Inc, today announced its full commitment towards the implementation of the Green Lane Policy.
The newly introduced scheme, an initiative by the Government to further boost the growth of Malaysia’s small and medium enterprises (SMEs), recognises the importance of SMEs to the development of the country’s economy.
In a statement, MDV Managing Director and Chief Executive Officer Datuk Md Zubir Ansori Yahaya said the policy will help more SME’s gain an edge and further improve their competitiveness in the technology sectors.
Md Zubir said with the subsidised interest rate of two per cent per annum, tax incentives, stamp duty exemption and priority in procurement activities by MoF Inc companies, MDV is confident that the policy will create better opportunities for innovative SMEs to launch their businesses.
Since its inception in 2002, MDV has approved loans totalling RM6.25 billion to 445 companies, with about RM3.5 billion for technology SMEs.
MDV is currently exploring more opportunities to collaborate with other government agencies in several new programmes, to encourage the engagement of more locally incorporated companies in the three mandated sectors of Information and Communication Technology, Biotechnology and Green Technology.
For this year, MDV has allocated RM970 million to support these sectors.