SJPP launches RM2 bln govt guarantee for SME

18 February 2019

SJPP launches RM2 bln govt guarantee for SME

KUALA LUMPUR, Feb 18 (Bernama) -- Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) today launched RM2 billion special government guarantee scheme to help the small and medium enterprises (SMEs) leap towards Industry 4.0.

Finance Minister Lim Guan Eng said the RM2 billion was part of a total of RM6.5 billion guarantees allocated in the 2019 budget designed to increase access to financing for the local SMEs for Industry 4.0.

He added that without SMEs which are familiar with Industry 4.0 technology, Malaysia would not be able to move forward and would not become the prime investment destination for high technology manufacturing and high value-added services.

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