KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) and Public Bank Bhd
have introduced a RM700mil financing facility aimed at widening access to credit for micro, small and medium enterprises (MSMEs).
The initiative, launched yesterday, represented the bulk of the RM1bil portfolio guarantee (PG) announced by the two institutions last year, and was expected to support more than 2,500 MSMEs nationwide.
Structured in three tranches, the RM700mil package seeks to cater to varying business needs.
The PG Property programme combined property financing with additional working capital of up to twice the property’s value, allowing companies to purchase assets without straining liquidity.
Another component, the PG Top Tier, targeted creditworthy MSMEs that lack collateral by offering clean, unsecured loans to address one of the sector’s long-standing barriers to growth.
The scheme incorporates facilities tied to low-carbon transition and high-technology adoption, designed to encourage smaller businesses to invest in sustainability and advanced capabilities. They include the low carbon transition facility as well as the high technology and green facility.
CGC president and chief executive officer (CEO) Datuk Mohd Zamree Mohd Ishak said the collaboration was meant to drive growth beyond short-term survival.
“We want to see MSMEs move into innovation, digitalisation, and global participation – capturing opportunities in the green economy and establishing themselves as regional leaders,” he said.
Public Bank managing director and CEO Tan Sri Tay Ah Lek noted that small and medium enterprises remained the backbone of the economy and the scheme underlined the lender’s commitment to strengthening its resilience and competitiveness.
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