Banks Welcome Facilities To Help Small Enterprises Scale Up, Strengthen Resilience

KUALA LUMPUR, Oct 10 (Bernama) -- The announcement on financing guarantees, entrepreneurship incentives and digitalisation programmes for small enterprises in Budget 2026 will enable them to scale and strengthen resilience, said banks.

RHB Banking Group managing director and group chief executive officer Datuk Mohd Rashid Mohamad said the government’s continued support was further reinforced by the increase in government guarantees under the Skim Jaminan Kredit Perumahan (SJKP) and Syarikat Jaminan Pembiayaan Perniagaan (SJPP) for home financing and business financing.

“These efforts are consistent with RHB’s commitment to enhancing access to financing and advisory support for growth-driven businesses,” he said in a statement.

Public Bank Bhd managing director and chief executive officer Tan Sri Tay Ah Lek said the bank welcomes the government's continued focus on micro, small, and medium enterprises (MSMEs) by allocating more than RM20 billion for financing and guarantees.

At the same time, Tay said the bank fully supports the government's efforts to build a national legacy for environmental preservation in the future.

Earlier, Prime Minister Datuk Seri Anwar Ibrahim announced an allocation of RM3 billion for the Green Technology Financing Scheme to encourage private investment in solar energy, hydrogen, and bioenergy, while the definition of green energy will be expanded to enable corporate buyers to obtain certified renewable energy.

-- BERNAMA