KUALA LUMPUR, Feb 27 — The Exporters’ Development Incentive Scheme or “Skim Insentif Pemampanan Pengeksport” announced in Budget 2023 will strengthen businesses as well as develop the business acumen of local entrepreneurs or exporters to international levels, Export-Import Bank of Malaysia Bhd said.
He said under the RM1 billion SIP2 scheme, Exim Bank is set to offer exporters financing assistance namely Incentive for Financing. He said the affordable funding rate would encourage exporters to find new markets for their products and further increase the capability of SMEs as exporting companies in the long term.
The Budget 2023 allocation is revised upward to RM386.14 billion from RM372.3 billion budget in October 2022.
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