Active guarantee scheme still available

KUALA LUMPUR: Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP), a company wholly-owned by the Minister of Finance Inc, has RM20.5bil active guarantee scheme allocation remaining to support the growth of small and medium enterprises (SME) in the country.

Principal officer Chen Yin Heng said that last year, SJPP approved RM5.8bil financing to SMEs under its programmes, of which RM4bil were guaranteed by the government – an improvement from RM3.7bil financing with RM2.6bil guaranteed by the government in 2018.