SJPP to help bumi firms with RM5bil allocation, says Finance Minister II


KUALA LUMPUR: A quarter of the RM20bil guaranteed for Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) financing will be specifically provided for bumiputra companies, says Datuk Seri Amir Hamzah Azizan.

The Finance Minister II said this can ensure that bumiputra companies at various stages of growth can access financing through the SJPP guarantee for small and medium-sized bumiputra companies as announced during the recent Bumiputra Economic Congress last week.

"As much as RM1bil will be allocated for bumiputra micro-entrepreneurs. For start-ups and high growth companies, an equity fund of RM1bil is allocated under government-linked companies (GLCs)," he said.

He also said the financial support through SJPP is for the local small medium enterprises (SMEs) to innovate and focus on export activities while support for micro enterprises is focused on providing access to financing and digitisation.

"This is especially for those involved in the green economy, modern technology, healthcare and the halal industry," he said during the launching ceremony of SJPP and Syarikat Jaminan Kredit Perumahan (SJKP) on Monday (March 4).

Applications for both schemes are open from financial institutions that provide financing for the schemes.

Meanwhile for SKJP, he said that since its establishment in 2008, it has approved guarantees to more than 43,000 beneficiaries with a total funding of over RM8.8 bil.

SJKP is aimed at helping those who do not have a fixed income to buy their first home.

It will benefit those from various employment backgrounds including fishermen, gig workers, night market traders and more.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

KLIA shooting: Bodyguard had successful five-hour surgery, says wife
Sabah's Babagon dam at healthy level, says Shahelmey
Appeals court upholds 20-year jail sentence on man for raping 7-year-old granddaughter
Combat diving pool delayed due to wiring sub-contractor's failure, says Defence Minister
Abdul Kadir's defamation suit against Aliff Syukri to begin on Jan 6, 2026
Jentayu hopes to sign PPA for Sipitang hydropower plant by mid-year
I was never investigated, yet MACC claims I committed a crime, says Dr M
Uphold unity and steer clear of 3R issues, Malaysians advised
Johor proposes elevated Autonomous Rapid Transit to reduce traffic congestion
Sabah set to sell carbon credits through Kuamut project

Others Also Read