Targeted financing relief extended


SME Bank also provides waiver and discount on rental payment up to six months to 251 SME entrepreneurs involving 373 lots at SME Bank’s Entrepreneur Premises Complexes located in 26 locations throughout Malaysia.

KUALA LUMPUR: SME Bank will introduce the SME Relief Programme (SRP) 2.0 whereby the targeted financing relief facility will be extended for another six months starting from April to September 2021 amid the prevailing challenging situation, according to the Ministry of Entrepreneur Development and Cooperatives.

Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the bank’s targeted financing relief through the SRP has benefited 3,084 of the bank’s customers with financing value amounting to RM4.41bil last year.

“Out of this number, 61 entrepreneurs are from Melaka with financing value of RM65.42mil, ” he said.

Apart from the SRP, SME Bank is also directly involved with the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) and the National Economic Recovery Plan (Penjana), said its group president and chief executive officer Aria Putera Ismail.

Through Prihatin, SME Bank has approved over RM630mil in financing to 1,065 entrepreneurs,

Meanwhile, through Penjana, the bank has approved financing amounting to more than RM6mil to 32 entrepreneurs.

The latest, through the Targeted Relief and Recovery Facility and High Tech Facility-National Investment Aspirations, financing amounting to more than RM97mil has been approved to 263 entrepreneurs, Aria said.

SME Bank also provides waiver and discount on rental payment up to six months to 251 SME entrepreneurs involving 373 lots at SME Bank’s Entrepreneur Premises Complexes located in 26 locations throughout Malaysia.

“This measure has provided entrepreneurs with operating cost savings amounting to RM6.1mil, ” he said. - Bernama

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