Lim: New financing guarantee scheme to spur SMEs

Launching ceremony of the New Government Guarantee Schemes under 2019 Budget Initiative by Syarikat Jaminan Pembiayaan Perniagaan Berhad(SJPP) Guest of honour - Lim Guan Eng (L4) with him are ( from left to Right) UOB ED Raymond Chui, Maybank Islamic Berhad DCEO Nor Shahrizan, RHB Bank GMD Datuk Khairussaleh Ramli, SJPP Principal Officer Chen Yin Heng, SME Bank Group President Aria Putera Ismail, Standard Chartered Bank Malaysia Berhad Head of Business Banking Malaysia Raj Tatavarthy, UOB(M) Berhad EDS DC Lim, Vice President of Business Banking Sean Tan.

KUALA LUMPUR: The government will increase access financing for small and medium enterprises (SMEs) through a new financing guarantee scheme worth RM2bil via Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP).

The RM2bil is part of RM6.5bil in guarantee schemes announced by the government in Budget 2019.