Industry Restructuring Loan Guarantee Scheme (IRLGS)

Objective: To assist viable medium and large enterprises to secure financing to modernise and upgrade business operations, particularly in the area of greater automation, increased productivity, energy efficiency and green technology.

Fund Size: RM 5 billion

Guarantee Ratio (government : bank):
~ Mid size companies – 80:20
~ Large enterprises – 50:50

Guarantee Fee: 0.5% p.a. on outstanding amount

Interest Rate: Determined by participating FIs

Eligibility:
- Malaysian owned companies

Maximum Loan Tenure: 10 years

Maximum Financing: RM50 million per company

Fund Availability: From 10th Mar 2009 to 31st Dec 2010, or upon full utilisation of fund

Participating FIs:
- All Commercial Banks
- All Islamic Banks
- Bank Pembangunan Malaysia Bhd
- SME Bank
- Bank Simpanan Nasional

List of Targeted Sectors