SJPP New Guarantee Schemes Available For Pan Borneo Highway Project

Bernama Online (English)

17 August 2017

SJPP NEW GUARANTEE SCHEMES AVAILABLE FOR PAN BORNEO HIGHWAY PROJECT

KUALA LUMPUR, Aug 17 (Bernama) -- Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) has made available government guarantee schemes - Working Capital Guarantee Scheme (WCGS) and Services Sector Guarantee Scheme (SSGS), to eligible Bumiputera contractors based in Sarawak undertaking the Pan Borneo Highway project.

The eligible Bumiputera contractors will be entitled to apply for up to RM5 million guarantee each from both WCGS and SSGS with an attractive guarantee fee of only 1.0 per cent per annum, respectively.

SJPP Principal Officer and Director, Dr Nungsari Ahmad Radhi, said the schemes were part of the government's initiative to ensure that the Small and Medium Enterprises (SMEs) have access to credit for their business growth with a particular emphasis on export-oriented SMEs and those in the services sector.

"Besides assisting the Bumiputera contractors in the Pan Borneo Highway project, both schemes are also available to all SMEs in Malaysia via participating financial institutions with the same terms," he said in a statement today.

Nungsari said SJPP currently has sufficient allocation for both schemes and welcomed those who are eligible to submit their applications to the 32 participating financial institutions.

Web source: http://www.bernama.com/bernama/v8/newsindex.php?id=1382839