KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) will roll out the BNM-CGC Portfolio Guarantee (PG) and Portfolio Guarantee-i (PG-i) schemes, supporting up to RM10 billion in guaranteed financing for micro, small and medium enterprises (MSMEs).
Building on Bank Negara Malaysia’s (BNM) earlier announcement, the schemes are designed to broaden MSMEs’ access to financing across growth and strategic sectors, with CGC serving as the implementation and risk-sharing platform alongside participating financial institutions, it said in a statement today.
CGC president and chief executive officer Mohamed Nazri Omar said the schemes signal a move from direct lending support toward a larger, guarantee-based financing model that enables financial institutions to lend with greater confidence to viable MSMEs, including first-time borrowers, smaller businesses and enterprises investing in future growth.
"Through our targeted risk-sharing approach with participating financial institutions, we want to change the way they evaluate these underserved market segments to create new opportunities and contribute to a stronger and resilient economy,” he said.
According to CGC, the schemes complement BNM’s SME Stabilisation Relief Facility (SME SRF), which provides short-term relief of up to RM750,000 in working capital over tenures of up to five years, and the earlier RM300 million PG Relief Scheme, which offers targeted relief of RM20,000 to RM500,000, up to 90 per cent coverage, and up to seven years for affected MSMEs.
For further details on the schemes, visit CGC’s website at www.cgc.com.my (BNM-CGC Portfolio Guarantee schemes page) or contact CGC’s client service centre at 03-7880 0088, email csc@cgc.com.my, or reach out to any of CGC’s branches nationwide. - Bernama
