Guarantee Government Scheme MADANI (GGSM)

• Eligibility:
  Open to all entities (SMEs and Mid-Size Companies (MSC)) in all industries with annual revenue of not more than RM 500.0Million based on their audited accounts of any of the financial year ending 2019 or later:

  1. Sole proprietorships owned by a Malaysian citizens ;
  2. Partnerships and Limited Liability Partnerships controlled and majority owned by Malaysian citizens ; or
  3. Companies with at least 51% shares held and controlled by Malaysian citizens.

  
  Which are duly registered with the following:

  1. Companies Commission of Malaysia either under the Registration of Business Act (1956), or the Companies Act 1965 and/or the Companies Act 2016, or Limited Liability Partnership Act 2012 (Private limited, sole proprietorship and partnership); or
  2. Respective authorities district offices in Sabah and Sarawak; or
  3. Respective statutory bodies for professional services providers

  
  Excludes:

  1. Entities that are listed on the Main Board of Bursa Malaysia; Government-linked companies (GLCs), Syarikat Menteri Kewangan Diperbadankan (MKDs) and State-Owned Enterprises.
  2. Subsidiaries with at least 51% stares of the entities, mentioned in No.1 above.
  3. Business entities where the shareholders / directors / owners are civil servants, who are currently in service, except with prior written approval obtained from the employer – Majikan / Ketua Jabatan.

   

• Type of facility

  • Term Loan
  • Overdraft
  • Revolving Credit
  • Trade

   

• Financing Purpose

  • Working capital Financing for New Financing
  • Capital expenditure (CAPEX) for New Financing

   

• Financing Limit

  1. Up to RM 30.0Million per company for the 4 sectors below:
     
     • High Technology
     • Agriculture
     • Manufacturing
     • Tourim
  2. Up to RM 20.0Million per company for all other sectors

  Note : Refinancing of existing facility by the same or other financial institutions is not allowed.

   

• Guarantee Coverage

  1. Up to 90% guarantee coverage for the 4 sectors which are High Technology, Agriculture, Manufacturing and Tourism for the financing obtained from the participating FIs (including principal and interest / profit) by the Government of Malaysia, will loan capped at RM 10.0Million per company.
  2. Up to 80% guarantee coverage for all other sectors

   

• Guarantee Tenure
  Up to 10 years or until 31 December 2035, whichever is earlier.

• Group Exposure Financing Limit / Group Limit
  Overall availability is subject to the aggregate group limit (including related parties) not exceeding RM 50.0Million financing limit for all other schemes under SJPP (present and future schemes) including DPGS. 

  Note:
  DPGS – Danajamin Prihatin Guarantee Scheme

• Availability Period
  Available until 31 December 2024 or until full utilization of the funds, whichever is earlier.

Note: The final financing approval is subject to the Bank and SJPP credit assessment and discretion.

Customers who are interested can apply for this guarantee scheme through our Relationship Managers. Alternatively, you can leave your contact details by clicking on the “Get In Touch” button and our Relationship Managers will reach out to you soon.