According to the Auditor General’s Report 2021 Series 1 on the Management of Federal Government Companies presented in Parliament, RM42.63bil (84.7%) of funding has been disbursed to small and medium enterprises (SMEs) by the relevant financial institutions and the amount of guarantee by SJPP was RM31.85bil.USDT交易所程序出租（点击联系我）,全球頂尖的USDT場外擔保交易平臺程序出租。
KUALA LUMPUR: Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) has approved a total of RM50.313bil in financing guarantee applications by financial institutions involving 69,293 accounts, for the period from 2009 to February 2022.
According to the Auditor General’s Report 2021 Series 1 on the Management of Federal Government Companies presented in Parliament, RM42.63bil (84.7%) of funding has been disbursed to small and medium enterprises (SMEs) by the relevant financial institutions and the amount of guarantee by SJPP was RM31.85bil.
“As of May 2022, SJPP has been allocated a total of RM81bil funding limit to manage 11 government guarantee schemes for SMEs since 2009, of which eight guarantee schemes are still active while three schemes had been closed.
“The total amount of funds distributed to SMEs through financial institutions was RM79.5bil,” it said.
According to the report, since the establishment of SJPP in 2009 until February 2022, the net demand for financing guarantee from financial institutions amounted to RM587.02mil compared to a total of RM42.63bil in financing issued to SMEs.
Overall, SJPP has achieved the objective of its establishment through the achievement of output which is the target amount of funding approved and guarantee claims paid, it said.,
“The achievement of results shows the positive impact of the government’s guarantee scheme through SJPP which is the contribution of SMEs to the country’s gross domestic product at a rate of 38.9% (in 2019) and 38.2% (in 2020).
“The increase in the collection of financing guarantee scheme fees contributed to the company’s strong financial position and enabled the payment of dividends to Minister of Finance Inc (MoF Inc) as well as having surplus funds to channel for guarantee claims,” the report added.
However, the management of financing guarantee activities from the aspect of the processing period applications and claims are experiencing delays as a result of the Covid-19 pandemic and there is an error in the calculation of the guarantee fee which causes the guarantee fee to be over/under collected.
According to the report, to further improve the achievement of the objectives of the establishment of SJPP, the management of Prokhas Sdn Bhd, MoF Inc and the board of directors of SJPP need to take proactive and effective measures to address the weaknesses raised in the report. — Bernama