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MyCIF exceeds RM1bil co-investments to help grow MSMEs

MyCIF exceeds RM1bil co-investments to help grow MSMEs

KUALA LUMPUR: The Malaysia Co-Investment Fund (MyCIF) has surpassed RM1 billion in total co-investments since its launch.
This marks a milestone in MyCIF's efforts to support the growth of micro, small and medium enterprises (MSMEs) nationwide.
According to its 2024 Annual Performance Report released today, MyCIF recorded total co-investments of RM1.19 billion as of end-2024, with RM264 million invested during the year alone.
The Securities Commission (SC) said for every ringgit invested by MyCIF, it attracted 4.1 times more in private sector funding, reflecting a strong crowding-in effect.
This contributed to a 21.4 per cent rise in total private investment.
"The RM1.19 billion total co-investments by MyCIF represents 4.6 times of RM260 million total funds disbursed from the government to date into the programme, demonstrating efficient use of public funds," it said.
The SC said beyond the General Scheme's 1:4 co-investment ratio, MyCIF continues to strengthen support for strategic and underserved sectors through dedicated schemes.
These include the food security and environmental and social enterprise schemes, which offer a more favourable 1:2 co-investment ratio.
Established by the Finance Ministry under 2019 Budget, MyCIF has played a crucial role in reshaping the financing landscape by leveraging equity crowdfunding and peer-to-peer financing platforms to direct funding towards MSMEs.
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