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Government further enhances Financing Schemes to support up to $11 Billion of Loans

23 January 2009

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GOVERNMENT FURTHER ENHANCES FINANCING SCHEMES TO SUPPORT UP TO $11 BILLION OF LOANS

The Government will support up to $11 billion of loans through a suite of new schemes under the Special Risk-Sharing Initiative (SRI) and enhancements to existing financing schemes. These schemes aim to stimulate lending to a broader range of enterprises, and will be in effect for one year beginning 1 February 2009. Some 142,000 companies, representing 99.7% of all enterprises based in Singapore will be eligible for these schemes. These companies employ more than 8 out of every 10 workers in Singapore.


Click here [PDF, 33 KB] for the full article.

Click here [PDF, 54 KB] for Annex 1.

Click here [PDF, 186 KB] for Annex 2.


MINISTRY OF TRADE AND INDUSTRY
23 January 2009




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