Special Tourism Fund

• The period for payment will be determined based on the project cash flow, the economic life of the assets financed and/or terms of repayment as stipulated by the fund provider; and
• Grace period may be considered and is determined based on the gestation period and the cash flow of the project.

• RM 50,000 for handicraft and homestay only
• RM 1.0 million for services related to tourism
• RM 5.0 million (for working capital) (for hotel)
• RM 10.0 million (for asset) (for hotel)

• Commodity Murabahah Term Financing-i
• Commodity Murabahah Revolving Financing-i
• Bank Guarantee-i

• Malaysian owned companies registered under Companies Commission of Malaysia Act 2001 or Co-operative Societies Act 1993 (minimum 51% owned by Malaysian);
• Meet classification of SMEs or any category of customers eligible to be financed by SME Bank; and
• Existing business operations for more than 2 years. For those having less than 2 years in operations, appplications will be assessed on a case-to-case basis.
• Project must be located in Malaysia.

1. Project including homestay or handicrafts must be registered with Ministry of Tourism, Art and Culture (MOTAC) as tourism project (where applicable) or endorsed as a tourism projects by JKPTP, MOTAC;
2. Priority shall be give to the following types of projects:-
   • Tourism projects that are being promoted by the Government including but not limited to recreational, sports, health, education etc.
   • Building new or adding, widens and renovate tourism and historical properties (such as hotels, motels, chalet, lodge, rest house and homestay);
   • Provide transport services related to tourism such as coaches, express bus, car rental, ferry etc;
   • Tourism resorts and infrastructures (includes renovation and landscape work) i.e theme park/recreation park such as floral garden, safari park and tourism integrated complexes;
   • Provide or manufacture or supply products or facilities related to tourism such as restaurant which provides cultural shows, souvenirs and hand-craft centers, duty free shops, recreational equipment and facilities at tourism area such as bicycle, marine, golf equipment;
   • Working capital for the tourism activities;
   • Other related tourism projects which is determined by the Government.

• Application of financing through normal process to JKPTP for early verification of project’s elegibility criteria from tourism industry’s perspective.
• Application of financing direct to SME Bank. Once approved, SME Bank will notify JKPTP, MOTAC the decision for further endorsement.

• Application letter
• Special Fund for Tourism’s Application Form (must be typed)
• Company Profile shall include:
  1. Form 9 or Business Registration Form
  2. Current SSM e-Info
  3. Certificate/ License / Approval Letter such as of Certificate of Registration for Tourism Projects, Registration for Tourism Accomodation Premises, Star Rating Certificate, Cetificate of Registration of Homestay/ Handicraft / License from Travel Agency / Trading Business License from Local Council etc
     
     
• Project proposal shall include:
  1. Information of project location and activities;
  2. Company Profile and Management Details;
  3. Facilities and services provided;
  4. Project schedule;
  5. Detailed project costs;
  6. Sources of financing;
  7. Promotion and marketing strategy;
  8. Organization chart;
  9. Cash flow and return on investment (ROI); and
  10. Feasibility study by independant consultant (if have).