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00:05 This program is one of the government's programs to help the existing PMKS
00:17 and also those who may be affected to get housing.
00:23 In the SJPP program, the government has provided RM20 billion.
00:28 This is because we feel that PMKS is a pillar in our economy.
00:35 So, as a key to further strengthen the economy,
00:39 the infrastructure of the economy,
00:41 it is very important for us to help PMKS to be more robust in the future.
00:49 In the SJPP scheme that we have,
00:51 we provide loan guarantees that are issued by the government for RM20 billion.
01:00 This is also hoped to help PMKS to get loans from the real estate sector
01:08 and also to reduce the interest they have to borrow
01:14 so that they can continue to run their business better.
01:18 For this year, we have a little improvement.
01:21 We feel that for the PMKS,
01:25 we have allocated RM5 billion from RM20 billion to the PMKS business sector,
01:32 especially those who want to join the new sectors,
01:37 in the energy transformation sector,
01:39 in the halal sector,
01:41 and the digital sector.
01:43 So, this is what we hope to do together with the food industry in Malaysia.
01:50 Under this scheme, those who ask for loans can get guarantees from the government
01:56 and can raise the interest rate.
02:00 And for this year, we have added RM10 billion that we have allocated for the SJPP program.
02:09 From the start until now, more than 43,000 people have taken part in the SJPP program
02:17 with the scheme that has been developed by the developers.
02:24 We hope that with the addition of RM10 billion that we have,
02:27 we will be able to expand it further with another 40,000 people
02:31 who will be able to join this year
02:33 to reduce the burden for those who work non-stop, non-formal,
02:39 so that they can also achieve a better life.
02:43 So, I think, it is clear that the government is indeed focused on the concept of "Madani"
02:52 and also how we want to further stimulate the economy and strengthen Malaysia
02:57 to become a pioneer in the Asian economy.
03:00 Mr. Azwar, can you comment on the part of RM1 billion that has been allocated by the government
03:08 for the SJPP program?
03:10 Can you tell us how it will be distributed and what will be the main focus of the company?
03:14 If we look at the RM1 billion that has been allocated,
03:18 it will be distributed together with the JLIC, the company that has a business relationship,
03:24 where they have allocated funds for the start-up business
03:33 or the high-value goods business.
03:37 So, we hope that with the funds allocated by the JLIC,
03:45 it will become an area where they can invest in the businesses that are being worked on together with the government.
03:56 The important thing is for the workers to come forward with ideas that are in line with the economic model
04:05 that can be made and invested by the JLIC to further stimulate the economy.
04:10 What is the delinquency rate for guarantees under SJPP and SJP?
04:15 If we look at the SJPP, the NPL that was in the SJPP at the start was a bit higher,
04:25 it was a bit less than 7%.
04:28 But now, because the scheme has gotten better, people understand,
04:31 the credit control has gotten better, it is less than 2%.
04:36 So, it has been to a level that it is self-sustaining.
04:42 So, this is a good innovation over time and continues to support the development of SME in Malaysia.
04:51 For more information, visit www.jlc.gov.uk
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