NCIA-CIMB Entrepreneur Scheme commits RM5mil in rebates for SMEs in northern region

Left to right: Wan Mastura Mohd Zain, Assistant Manager, Entrepreneur NCER and SME Development Unit, Human Capital Department of NCIA; Datin Shahdee Ahmad, Director of Human Capital/Secretariat, CEO’s Office of NCIA; Jaya Balan Kathiravalu, Head, SME Banking of CIMB; and Mohd Rizal Khir, Director, Islamic Banking of CIMB at a recent SME Community Outreach programme

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd are offering the NCIA-CIMB Entrepreneur Scheme (NCES) to eligible micro-small and medium entrepreneurs (MSME) in the northern states that make up the Northern Corridor Economic Region.

In a statement, the group said the scheme provides up to RM5mil in rebates on interest and profit from CIMB’s SME loans and financing which is intended to further stimulate the growth of local businesses and support the development as well as recovery of the economy.