KUALA LUMPUR, Aug 1 (Bernama) — CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Group”) are offering the NCIA-CIMB Entrepreneur Scheme (“NCES”) to eligible micro, small and medium entrepreneurs (“MSMEs”) in the northern region, namely Perlis, Kedah, Penang, and Perak, which make up the Northern Corridor Economic Region (“NCER”). The scheme provides up to RM5 million in rebates on interest and profit from CIMB’s SME loans and financing which is intended to further stimulate the growth of local businesses and support the development as well as recovery of the economy.
The NCES is a partnership between CIMB and the Northern Corridor Implementation Authority (“NCIA”) which was launched in February 2022. The partnership aims to revitalise the development of close to 1,500 MSMEs, in line with the 12th Malaysia Plan, via the reduction of financing costs through interest/profit subsidies.
