The Idea Bank is a compilation of selected feedback by the public received through PEMUDAH Website which might be useful for information and reference purposes. The compilation includes complaints, inquiries and suggestions addressed to various Government Agencies which have been appropriately edited for general viewing.
Please also be informed that the information, relevant acts, rules and procedures provided therein may have been reviewed, revised or updated by the respective Government Agencies. You may want to visit the relevant websites for information or submit your inquiries through our Feedback Form.
I’m inquiring if there are any funds available for us to start a sole distributor business. Looking forward your your earliest response. Thank you.
With reference to your query herein below, kindly be informed that MDTCC does not provide any specific grants/funds to start a sole distributor business. However, funds/grants are given through Suruhanjaya Koperasi Malaysia if you are engaged with co-operatives business whereas for franchise, loan/funds can be obtained through Perbadanan Nasional Berhad.
- OD (with ERF Sdn.Bhd) is only released for projects above RM20,000.
- Being new in the construction field can only get projects under the “voting system” where projects has budget limited to RM20,000.
- Suggest that the funding be allowed for even projects below RM20,000.
- ERF has approved a revolving stanby credit facility of RM 60K on 21 Sept 2006.
- As stated in the LOI and policy of ERF, only work order/indent not less than RM 20K and not exceeding RM 500K is eligible under the revolving scheme.
We have submitted our application for matching grant for product & process improvement on 25/03/2009. We have make several call since April 2009 and forward by letter on 15/07/2009. Our application has been returned with reason cannot process due to previous claims not yet completed. We have resubmit again on 24/07/2009 with the proof that previous grant has been completed and fully claimed. We hope SMIDEC can process our application immediately as it has delay over 4 months.
SMIDEC have received a complete application from your company at end of July 2009 and your application will be tabled in the next coming meeting for approval. We will take all necessary action to expedite your application.
You can also check the status of your application online or through SMS. To do this, applicants just type SMIDEC<space>STATUS<space> Reference No. and send to 15888 to obtain their application status. Should the you wish to follow up or contact any of the officers in charge, kindly email to email@example.com or contact 1-300-88-1801.