Business Accelerator Programme RMK-12
Supports high potential Malaysian enterprises with BAP financing for asset growth, working capital, and technology adoption.
Business Accelerator Programme RMK-12 (BAP RMK-12) is SME Bank Malaysia's flagship Islamic financing facility for high-growth-potential MSMEs under the 12th Malaysia Plan. The programme covers three use cases: asset acquisition, working capital, and adoption of technology or automation — making it one of the broadest-purpose MSME financing vehicles in Malaysia. Financing limits reach up to RM5 million per applicant for qualifying entities. This is a Shariah-compliant loan instrument, not a non-dilutive grant; applicants take on a financing obligation at a profit rate confirmed during credit assessment.
BAP RMK-12 is the successor to earlier BAP variants (BAP 2.0 and BAP 3.0) and integrates a distinctive non-financial component: recipients can access CEDAR's (Centre for Entrepreneur Development and Research) advisory and mentoring services alongside the financing, providing business development support concurrent with the loan. Eligibility requires MSMEs to meet SME Bank's credit criteria and demonstrate high-growth potential; the programme is noted by third-party guides as having Bumiputera-priority characteristics, though the programme description does not restrict access exclusively to Bumiputera-owned enterprises. Sector coverage spans manufacturing, technology adoption, and general SME business, with no explicit sector exclusions stated on the programme page.
Applications are submitted through SME Bank's standard lending process, with the credit team evaluating business viability, growth potential, and asset or working capital purpose. For MSMEs investing in machinery, equipment, digital systems, or automation under Malaysia's national industrial transformation agenda, BAP RMK-12 combines access to meaningful financing scale (up to RM5 million) with structured non-financial advisory support — a combination that differentiates it from standalone Islamic loan products. Applicants should confirm current profit rates, margin of financing, tenure, and collateral requirements directly with SME Bank, as programme parameters may be updated across the RMK-12 planning period.
Islamic financing up to RM5 million for high-growth-potential Malaysian MSMEs to fund asset acquisition, working capital, and technology or automation adoption under the 12th Malaysia Plan.
Sign up free to see the funding breakdown
Sign up free to see the industries in scope
Sign up free to see the full eligibility
Sign up free to see how to apply