Developments seen to boost the programme's flexibility and help banks provide stronger fund support for SMEs.
The Mortgage Corporation has launched a series of upgrades to the SME Financing Guarantee Scheme to encourage banks to use the programme to help small and medium enterprises, according to a government report.
The improvements include:
Mortgage Corporation Executive Director and Monetary Authority Deputy Chief Executive Peter Pang said the enhancements will further boost the scheme's flexibility and help banks provide stronger fund support for small and medium enterprises.
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