RM12.43 billion in soft loans to SMEs approved as of September 10

0

KUALA LUMPUR: Applications for RM12.43 billion for low-rate loans to small and medium-sized enterprises (SMEs) have been approved by local banks and accepted by SMEs as of September 10, 2021.

Minister of Finance Tengku Datuk Seri Zafrul Abdul Aziz (Photo) said these loans managed by Bank Negara Malaysia (BNM) would benefit 26,154 SMEs.

“The amount includes the Special Relief Mechanism (SRF), the Automation and Digitization Mechanism (ADF), the Economic Sector Mechanism (AES) and Agro-Food Facility (AF) funds”, a- he said during the 69th Interagency Economic Stimulation Implementation and Coordination Unit (Laksana) released today.

He reiterated that although the SRF funds were fully utilized, SMEs could still apply for funding programs that were still available through BNM funds such as ADF, AES and AF.

SMEs can also apply for other funding through the imSME platform via the link https://imsme.com.my/portal/bm/ which can help match the required funding with various SME fund providers.

Regarding the SME Digitization Grant, Tengku Zafrul said a total of RM96.46 million had been channeled to 34,761 SMEs as matching grants as of September 10, 2021.

“Bank Simpanan Nasional (BSN) has provided matching grants of up to 50% of up to RM5,000 to help SMEs adopt digitization services into their daily business operations and increase the competitiveness and productivity of businesses. companies.

“Each SME is allowed to request up to three types of services from one or more digitization service providers registered with the Malaysian Digital Economy Corporation (MDEC),” he said.

He said each grant was only provided by the government for a period of five years from February 17, 2020 or when it reached 100,000 applications, whichever comes first.

Regarding the Danajamin Prihatin (DPGS) guarantee program, Tengku Zafrul said that 86 requests for a total of RM 1.72 billion of guarantees benefiting 52 companies had been approved as of September 10, 2021.

“The fund which was announced by the government as part of the Prihatin Economic Stimulus Package (Prihatin) provides a guarantee mechanism worth 50 billion ringgit which covers up to 80 percent of the loan amount to finance the working capital requirements.

“The program is aimed at viable businesses in all industries facing challenges as a result of the Covid-19 outbreak,” he said.

To date, a total of 11 banks have participated in the program, namely Malayan Banking Bhd, CIMB Bank Bhd, OCBC Bank (Malaysia) Bhd, Alliance Bank Malaysia Bhd, AmBank (M) Bhd, Hong Leong Bank Bhd, United Overseas Bank (Malaysia) Bhd, Affin Bank Bhd / Affin Hwang Investment Bank Bhd, RHB Bank Bhd, Bangkok Bank Bhd and MIDF Amanah Investment Bank Bhd.

-Bernama

Leave A Reply

Your email address will not be published.