KUALA LUMPUR: Bank Negara has elaborated on the new and enhanced financing facilities for small and medium enterprises (SMEs), namely the Targeted Relief and Recovery Facility (TRRF) and the Micro Enterprises Facility (MEF), as announced in Budget 2021.
In a statement, the central bank said under the TRRF, eligible SMEs which have been adversely affected by Covid-19 can obtain financing for working capital purposes of up to RM500,000 for a tenure of up to seven years, including a repayment moratorium of at least six months.