Financing for Small and Medium Enterprises (SMEs)
Banking institutions is the main source of financing for SMEs, providing more than 90% of total financing. Provision of SME financing is also complemented by the Development Financial Institutions, Bank Negara Malaysia's Funds for SMEs and Government Funds. Initiatives to Support Access to Financing for SMEs.
Bank Negara Malaysia has recently consolidated the existing BNM's Special Funds into an omnibus fund and is now renamed as BNM's Fund for SMEs or Tabung BNM untuk PKS. The funds are channelled through participating financial institutions (PFIs) comprising all licensed banks, prescribed development financial institutions and the Corporate Guarantee Corporation Berhad (CGC). Application must be submitted through any PFIs and approval will be subjected to the normal credit assessment of the PFI.
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Posted Date: 1 Jan 2018