The Government introduced different schemes to offer assistance to small and
medium enterprises to be able to undertake their business and was being
managed by different organisations. In order to better manage and facilitate
the development and growth of the small and medium enterprises, the Government
created the
Concessionary Credit Unit (CCU) under the
Ministry of Finance in November 2005.
This unit is a one stop shop for all the existing
concessionary credit facilities and provides support and facilitates the
development of the small business. It also monitors the financial
arrangements and the performance of assisted businesses receiving
concessionary financial assistance. The CCU process all requests for loan
applications to be considered by a Board consisting of private and public
sectors representatives. The following are the concessionary credit
facilities that falls under the CCU:
Youth Enterprise Scheme
Agriculture Development Fund
Export Marketing Scheme
Refinance Scheme for Export
Small Business Finance Facilities
Cottage Industry Scheme