Chapter 6 - SME Corporation Malaysia

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CHAPTER 696 National SME Development Council SME ANNUAL REPORT 2009/10Enhancing Access to Financing• PROSPER Siswazah for development of young Bumiputera graduates venturing into retailand distributive trade businesses.In addition, under the PROSPER Property, PUNB acquired 50 business premises at strategiclocations worth RM50.90 million to be leased out to potential Bumiputera entrepreneurs.• Five SME special funds under BNM which are channelled through participating financialinstitutions have assisted more than 44,000 SMEs with total financing approvals of RM19.3billion as at end-June 2010 (end-2009: RM18.4 billion).Table 6.2Special Funds and Guarantee Schemes for SMEs Administered by BNM 1Special FundsAllocations Approvals DisbursementsRM Million %As at end-June 2010LoansOutstandingUtilisationRate 2/Fund For Food 1,300.0 1,727.9 1,707.2 154.0 61New EntrepreneursFund 2Fund for Small andMedium Industries 22,850.0 3,829.4 3,569.0 2,024.1 876,750.0 13,643.4 12,583.6 5,118.8 96Micro Enterprise Fund 200.0 131.3 121.4 110.5 62BumiputeraEntrepreneurs ProjectFund - Islamic300.0 36.6 13.1 10.4 12.2Total 11,400.0 19,368.6 17,994.3 7,417.8 87.6Financial Assistanceand GuaranteeSchemesSME AssistanceGuarantee Scheme(as at 11 July 2010)2,000 2,000 1,770.1 1,530.4 1001/All funds are revolving except the Bumiputera Entrepreneurs Project Fund - Islamic2/Ratio of approvals over allocations and repaymentsSource: Bank Negara Malaysia
National SME Development CouncilSME ANNUAL REPORT 2009/1097CHAPTER 6Small Debt Resolution Scheme(SDRS)In addition to the various facilitiesavailable for early stage financing andfor expansion, there is also a schemeto assist SMEs that get into financialdifficulties. Recognising the morechallenging environment that SMEsare operating in, BNM enhanced theeligibility criteria of the Small DebtResolution Scheme (SDRS) in May2009. Viable SMEs with nonperformingloans (NPLs) or nonperformingfinancing (NPF),irrespective of amount, and viableSMEs facing financial difficulties withfinancing from multiple financialinstitutions are eligible to apply for theSDRS. As at end-June 2010, 705applications with loans amounting toRM533 million (or 71% of applicationsreceived) have been approved forrescheduling or restructuring underthe SDRS (end-2009: 684applications, RM471 million). Inaddition, financial institutions havealso proactively restructured andrescheduled financing facilities ofviable SMEs, where cases haveincreased in 2008 to 3,235 (2007:1,537 cases) and in 2009 to 4,646cases totalling RM3.2 billion due tothe global crisis.Financial Advisory ServicesThe Government and the commercialbanks have established advisoryservices for individuals to seekinformation and assistance on creditissues. During the year, BNMenhanced its Integrated ContactCentre (ICC) comprising BNMLINKand BNMTELELINK that includes theComplaints Management andAdvisory Unit. BNM successfullyresolved 92% of 531 cases related toaccess to financing by SMEs in 2009,of which 49% were resolved in favourof SMEs following the Central Bank’sfacilitation and intervention.Contact Details:Tel: 1300 88 5465 (Toll-Free Line)Fax: 03-2174 1515 / 03-2174 1616E-mail: bnmtelelink@bnm.gov.myIn December 2008, the ABMConnectToll Free at 1300 88 9980 was alsoset up by the Association of Banks inMalaysia (ABM), which representedthe collaboration among bankinginstitutions to serve as a readyplatform for general enquiries relatingto banking and credit issues. This isin addition to SME complaint unitsand SME special units establishedat financial institutions including SMEBank and CGC to handle consumerenquiries and grievances.Contact Details:ABMConnectCall Toll-Free 1-300-88-9980E-mail: eABMConnectwww.abm.org.my/ABMConnectIn addition, SMEs could also seekassistance from the “One ReferralCentre” at SME Corp. Malaysiaincluding its state office nationwide.Business coaches and counselorshave been able to provide the variousbusiness advisory services in additionto providing information onGovernment funds, programmesand incentives available for SMEs.Contact Details:Tel: 603-6207 6000Fax: 603-6201 6564E-mail: info@smecorp.gov.myInfoline: 1-300-88-1801www.smecorp.gov.mywww.smeinfo.com.myEnhancing Access to Financing
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Chapter 6 - SME Corporation Malaysia

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