FINANCING SCHEME

Government Guarantee Scheme MADANI 3 (GGSM 3)

Provider

Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Objective

To provide financing assistance to Small and Medium Enterprises (SMEs) by providing government guarantees to the participating Financial Institutions (FIs) for the financing provided for all economic sectors, particularly focusing on four (4) sectors:

  • Bumiputera
  • High Technology
  • Halal
  • Tourism

Funding Amount

1. Financing Limit*:
Up to RM10.0 million per company for all sectors

*This is subject to the aggregate group limit not exceeding RM50 million financing limit for all other schemes under SJPP including DPGS, BTHPRS and this scheme. Group is defined as companies under the same group by way of shareholding (holding 50% or more), directors (providing guarantees), related guarantors, and including Related Parties.

2. Guarantee Coverage:

  • Focus Sectorsup to 80% guarantee on approved financing from participating financial institutions (FIs).
  • Other Sectors
    Financing ≤ RM3 million per customer: Up to 70% guarantee on approved financing from participating FIs.
    Financing > RM3 million per customer: Up to 50% guarantee on approved financing from participating FIs.

Purpose of Financing

Eligibility

  1. Open to SME companies from all sectors:
    • Sole proprietorships owned by a Malaysian Citizen;
    • Partnerships, and Limited Liability Partnerships controlled and majority owned by Malaysian Citizens; or
    • Companies with at least 51% shares held and controlled by Malaysian citizens.
  2. Which is duty registered with:
    • Companies Commission of Malaysia either under the Registration of Business Act (1956) or the Companies Act (1965/ 2016) or Limited Liability Partnership Act (2012); or
    • Respective authorities or district offices in Sabah and Sarawak; or
    • Respective statutory bodies for professional services providers.
  3. Excluding
    • Entities that are public-listed on the main board, Government-linked companies (GLCs), Syarikat Menteri Kewangan Di Perbadankan (MKDs), and State-owned enterprises
    • Subsidiaries with at least 51% shares of the entities, mentioned in No. i above
    • Business entities where shareholders/directors/owners are civil servants, who are currently in service, except with prior written approval from the employer—Majikan/Ketua Jabatan

Application Procedure

Fill the form to get the application procedure link