What are the steps involved in applying for the GTFS?

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A. Application Process
1. Project Certification (Technical)
All application shall be submitted to GreenTech Malaysia. GreenTech Malaysia will process upon receive of complete and valid application.
GreenTech Malaysia will issue notification letter of to the successful and non successful applicant. Successful applicant will receive Project Certificate.
Applicant shall furnish explanation or additional information during the evaluation period that are necessary to support the application within 3 working days.
2. Financing Application
Succesful applicant shall be able to submit financing application with Project Certificate and its relevant documents to any participating financial institutions. All applicants should follow and comply with the procedures and guidelines of the respective financial institutions. The respective Financial Institutions will issue a Letter of Offer (LO) to successful applicant. The government will bare 2% of the total interest rate or profit.
3. Guarantee Approval
Credit Guarantee Corporation Malaysia Berhad (CGC) will provide a guarantee of 60% on the financing amount. Upon guarantee approval, the CGC will issue a Letter of Guarantee to Applicant and guarantee fee of 0.5% per annum to total guarantee applies. Copy of the letter will be send to the respective Financial Institutions and GreenTech Malaysia.
B. Financing Execution
4. Agreement and Documentation
Upon receipt of the acceptance of Letter of Guarantee by the CGC, the respective Financial Institutions will proceed with financing agreement
5. Fund Disbursement
Fund disbursement of Financing will follow the respective financial institutions procedures.
C. Project Outcome
6. Project Monitoring and Verification
Applicant shall submit Project Progress Report to GreenTech Malaysia during project implementation. Upon commissioning, applicant shall submit Project Outcome Report every three month to GreenTech Malaysia with format and period specified by GreenTech Malaysia.
7. Project Impact
Upon completion of Project Monitoring and Verification, applicant shall submit project Impact study with format specified by GreenTech Malaysia.
For further detail information please refer to GTFS operational & guidelines.