UPDATES ON SERVICES SECTOR CAPACITY DEVELOPMENT FUND (SSCDF) AS AT 3rd JULY 2009
Posted by admin2
on July 6, 2015 at 4:39 pm
As of 3 July 2009, there were 102 applications for grants worth RM50.74 million received by MIDA. Of this total, 28 were from associations or professional bodies and 74 were from domestic service providers, two of which originated from Sarawak. The highest number of applications received was from the business and professional services sub-sector (30). Other sub-sectors which were actively applying for the SSCDF were the healthcare sub-sector with 17 applications, ICT sub-sector (14), the logistics sub-sector (12), the education sub-sector (8), the tourism sub-sector (2) and others sub-sector (19). To date, 31 applications have been approved with grants amounting to RM10.77 million.
MIDF received 128 applications worth RM51.71 million for soft loans. The distributive trade sub-sector reported the highest number with 54 applications received, followed by the healthcare sub-sector (31), the business and professional services sub-sector (23), the logistics sub-sector (9), ICT subsector (4), the education sub-sector (4) and the tourism sub-sector (3). To date, 19 applications have been approved with funding amounting to RM8.81 million.
Since the fund needs to be fully utilised by September 2009, qualified local services associations and providers are strongly encouraged to submit their applications before the deadline. For more information on the SSCDF, please visit the following websites:
For grants, www.mida.gov.my
For soft loans, www.midf.com.my