MIDF to approve RM150 mln in financing this Year

Bernama

2 August 2018

MIDF to approve RM150 mln in financing this Year

KUALA LUMPUR, Aug 1 (Bernama) -- Malaysian Industrial Development Finance Bhd (MIDF) expects to approve RM150 million in financing this year under two guarantee schemes in collaboration with Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP).

MIDF Group Chairman Tan Sri Abdul Rahman Mamat said the two schemes - the Automation Process Guarantee and Intellectual Property Guarantee - are in addition to the existing schemes, namely the Services Sector Guarantee Scheme, Working Capital Guarantee Scheme, and Working Capital Guarantee Scheme for Startups.

"Under these schemes, MIDF will provide financing facilities to small and medium enterprises (SMEs) that meet the requirements while SJPP will manage, administer and monitor the schemes, " he said after the signing of a collaboration agreement between MIDF and SJPP here today.

He said MIDF has approved RM14.3 billion in financing to 10,738 companies since its establishment in 1960.

- BERNAMA

Web source: http://www.bernama.com/en/news.php?id=1486118