PETALING JAYA, April 14 — The Ministry of Housing and Local Government and the Ministry of Finance today launched the i-Biaya initiative, as part of the government’s efforts to facilitate housing loans to the M40 and B40 low-income groups.
Three initiatives offered under i-Biaya are improvement to the existing scheme, namely Housing Credit Guarantee Scheme through Syarikat Jaminan Kredit Perumahan Bhd with an allocation of RM3 billion, My First Home Scheme by Cagamas SRP Bhd, and PR1MA Rent-to-Own Scheme by PR1MA Corporation Malaysia .
“One of the contributing factors to this target is the government’s commitment through the ‘Jamin Kerja’ initiative which targets 600,000 job opportunities, with an allocation of RM4.8 billion,” he said.
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