|Name of Financing
||2% Interest / Profit Rate Rebate for all financing under Services Sector Guarantee Scheme (“SSGS”), Working Capital Guarantee Scheme-Extension (“WCGS-E”), Working Capital Guarantee Scheme – StartUp (“WCGS-SU”), Automation Process Guarantee Scheme ("APGS") and Intellectual Property Guarantee Scheme ("IPGS")
||To provide financing assistance to eligible Malaysian SMEs involved in export activities only whereby the Government of Malaysia has agreed to pay 2% (percentage point) of the profit rate charged on the financing provided by Participating Financial Institutions.
||Rebate is limited to a total accumulated funding of RM1 billion for a period of five years
||SMEs companies which are export oriented (with at least 50% of the turnover are for exports) and incorporated under the Companies Act 1965 and/or Companies Act 2016 with at least 51% shares held by Malaysian and shareholders’ fund below RM20.0 million, sole proprietorship and partnership
|Eligibility Period for Interest / Profit Rate Rebate
- Up to 5 years from the date of first disbursement or until the facility is fully repaid / terminated / recall or terminated due to non-utilization of the facilities, whichever comes first.
- SMEs may obtain financing for a period exceeding 5 years, however there will be no payment of 2% rebate beyond the expiry of 5 years financing.
- Financing that turns non-performing loan will not be eligible for the 2% rebate. However, the 2% rebate will be reinstated in the current month of regularisation.
||The interest / profit rate rebate (subsidy) provided is tax exempted.
|Participating Financial Institutions
||Open to all Commercial Banks, Islamic Banks and Development Financial Institutions under the purview of Bank Negara Malaysia that are participating in SSGS, WCGS-E, WCGS-SU, APGS and IPGS.
|Mode of Rebate Payment
||Participating Financial Institutions will forward the reimbursement request for rebate on a monthly basis to SJPP for payment
||The interest / profit rate rebate shall be made available for payment for a period of five (5) years commencing 1 June 2017 or upon full utilisation of the rebate funding, whichever is earlier