CAKNA is a scheme aimed at enhancing access to funding for Micro, Small and Medium Enterprises (MSMEs) and small contractors (G1-G4) that have obtained Government contracts and need funding from financial institutions to strengthen their cash flow and financial position.
There are two schemes under CAKNA:
- CAKNA I caters to the liquidity needs of MSMEs post-contract delivery.
- CAKNA II caters to the financing needs of small contractors to implement their contracts.
The types of facilities, qualifying criteria and participating financial institutions for CAKNA I and CAKNA II are varied.
CAKNA I is a liquidity scheme aimed at assisting the cashflow position of MSMEs that have delivered their Government procurement contracts, by allowing them to sell approved invoices to banking institutions at a discount, in exchange for early payment, prior to the maturity date of the invoice.
The scheme taps on existing infrastructure (i.e. Government procurement system and banks’ trade finance platform) for greater efficiency and accelerated time to market.
Key Benefits to MSME Vendors
Provides quick liquidity, enabling MSME vendors to better manage their financial requirements
Competitive pricing based on standing of the Government as principal
Enhances accessibility of MSME vendors to banking facilities
Does not affect gearing of MSME vendors
No collaterals required
List of Participating Financial Institutions
For further information on the facilities offered and the qualifying criteria for application, please contact the respective participating financial institution.
CAKNA II is a financing scheme for MSME contractors / suppliers that have obtained Government projects, particularly small contractors (G1-G4) with contract value of up to RM1.5 million. The scheme offers contract financing facility to eligible small contractors at a competitive rate for the implementation of Government contracts under the scope of supplies, services or contract works, to facilitate quick and timely completion of the project.
List of Participating Financial Institutions in CAKNA II
SME Bank
03-2603 7700
Bank Kerjasama Rakyat Malaysia Berhad
03-2612 9600 ext. 8639
Credit Guarantee Corporation Berhad
03-7880 0088
Agrobank
1-300-88-2476
contractfinancing@ agrobank.com.myFor further information on the facilities offered and the qualifying criteria for application, please contact the respective participating financial institution.
