• Government Guarantee Schemes-i

Introduction

The Government has established two special guarantee schemes to encourage continued  financing, particularly to SMEs.

Malaysian Government has established Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) to enable companies to continue gaining access to financing facilities from financial institutions (“FI”s). SJPP is a company wholly owned by the Minister of Finance Inc. SJPP's role is to administer and manage two guarantee schemes namely Service Sector Guarantee Scheme (SSGS) and Working Capital Guarantee Scheme (WCGS). The SSGS is a particular emphasis on the services sector, which is expected to contribute more towards Malaysia’s international trade.

The Schemes is established to enable small and medium businesses to continue gaining access to financing facilities from financial institutions (“FI”) to spur further economic growth for the country. The SSGS and WCGS is a scheme that provides working capital financing and capital expenditures to companies with shareholders equity not more than RM20 million wherein the FI will provide the financing facilities and the Malaysian Government will guarantee a portion of the said financing facilities. It is strictly for local operations only.

Services Sector Guarantee Scheme will enable SMEs companies in services sector to continue gaining access to financing facilities from financial institutions (“FI”s).

Working Capital Guarantee Scheme will enable SMEs companies in all sector to continue gaining access to financing facilities from financial institutions (“FI”s).

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