KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) has announced a RM300mil allocation under a new guarantee relief initiative – Portfolio Guarantee Relief – which will be deployed progressively depending on market demand and acceptance by participating financial institutions.
This initiative supports the government’s continued efforts to ease financial pressures on micro, small and medium enterprises (MSMEs), following Prime Minister Datuk Seri Anwar Ibrahim’s recent announcement of a RM5bil guarantee facility aimed at helping the sector navigate rising cost pressures.
CGC told Bernama its supplementary allocation is designed to further strengthen financial resilience among affected MSMEs and represents an initial step in responding to current economic conditions.
“CGC will continue to monitor developments and assess the evolving needs of MSMEs, with the flexibility to introduce additional support measures as necessary.”
