Application Process

A. GTFS Application Process

1. GTFS Application

All applications shall only be made online via www.gtfs.my website. Any supporting documents that deemed necessary to support the application however can be submitted by mail or hand delivery to GreenTech Malaysia’s office. GreenTech Malaysia will screen all applications to ensure it meet the GTFS criteria, application form dully filled and all supporting documents (soft and hard copies) well documented and provided. Any additional document requested by GreenTech Malaysia shall be submitted with three (3) working days. Upon completion of screening process, GreenTech Malaysia will issue notification to relevant applicant whether their application will be considered for further process or rejected.

2. Technical Evaluation

The Technical Evaluation team will evaluate the application in accordance to the procedures and standards of each project category. Applicants may be asked to provide additional information/data/drawing/report that deemed necessary for technical evaluation purpose. All additional information must be delivered within three (3) working days or any duration as agreed by GreenTech Malaysia on special case. Technical Evaluation team will submit and present the GTFS project to the GTFS Technical Committee (GTC) for their consideration and approval. All applicants will be officially notified on their approval status. Subsequently, a Green Project Financing Recommendation Certificate will be issued to the successful applicants and its only valid for six (6) months from the issuance date. The Green Project Financing Recommendation Certificate only for purpose of loan application to Financial Institutions and it must not be used for any other purpose. GreenTech Malaysia reserved the right to recall the Green Project Financing Recommendation Certificate if evidently found and proven that the said certificate was wrongly used.

3. Financing Application

Successful applicant shall be able to submit their financing application together with Green Project Financing Recommendation Certificate and other relevant documents to any participating financial institutions of their choice. All applications shall comply with the procedures and guidelines of the respective Financial Institutions. Each Financial Institution will evaluate the loan application and issue a Letter of Offer (LO) to successful applicant. The government will bare 2% of the total interest rate or profit charged by PFIs.

4. Guarantee Approval

Credit Guarantee Corporation Malaysia Berhad (CGC) will provide a guarantee of 60% on the approved financing amount. Upon guarantee approval, CGC will issue a Letter of Guarantee (LG). A guarantee fee of 0.5% per annum on the total guarantee amount will be charged to the borrower. Copy of the LG will be sent to the respective the PFIs ,applicant and GreenTech Malaysia.

 

B. Financing Execution

1. Agreement and Documentation

Upon receipt of the Letter of Guarantee (LG) by the CGC, the respective PFI shall proceed with the financing agreement.

2. Fund Disbursement

Fund disbursement shall follow the respective PFI procedures.

 

C. Project Outcome

1. Project Monitoring and Verification

All successful applicants shall submit monthly Project Progress Report to GreenTech Malaysia during project implementation in accordance to the format as specified. Upon successful commissioning of the project, the applicant shall submit Project Outcome Report at every three (3) month to GreenTech Malaysia according to the format and dateline as specified.

2. Project Impact

The Project Outcome Report shall be prepared in accordance to the monitoring and verification procedures and baseline as agreed during the application stage.