Lifeline for SMEs


In presenting the 46th Inter-Agencies Economic Stimulus Implementation and Coordination Unit (Laksana) report yesterday, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the total allocation of RM2bil under this scheme prioritised SMEs that did not receive loans from banks previously.

PETALING JAYA: The government has approved 7,205 applications with a total loan value of RM1.36bil under the National Economic Recovery Plan (Penjana) Small and Medium Enterprise (SME) Financing scheme as at March 12,2021 compared with RM1.334bil last week.

In presenting the 46th Inter-Agencies Economic Stimulus Implementation and Coordination Unit (Laksana) report yesterday, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the total allocation of RM2bil under this scheme prioritised SMEs that did not receive loans from banks previously.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Tengku Zafrul , Finance Minister , SMEs , Penjana , financing ,

   

Next In Business News

Ringgit easier against US dollar at closing
Alpha IVF remains committed to its growth strategy
Jentayu hopes to sign PPA for Sipitang hydropower plant by mid-year
Malaysia needs up to RM90bil to fund critical energy projects in next 10 years
GDEX to diversify into IT services and solutions
Bursa Malaysia collaborates with UK's MOBILIST to enable greater investment in energy transition
MIDA appoints Sikh Shamsul Ibrahim as CEO
Bursa Malaysia continues downtrend with over 1,000 counters in red
Asian bonds see first monthly outflow in five on easing US rate-cut hopes
CTOS, airasia academy team up to empower SMEs through strategic business education

Others Also Read