Medac extends revolving capital fund moratorium until November

Datuk Seri Wan Junaidi Tuanku Jaafar said a total of 127 cooperatives with 255 financing accounts under TMPSKM had been granted moratorium previously with an estimated cost of RM8.3 million.- Bernama file pic

KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) through the Cooperative Commission of Malaysia (SKM) has extended the deferment period of repayment facility for the Malaysian Cooperative Commission Revolving Capital Fund (TMPSKM) until November 2021.

MEDAC said in a statement on Thursday that previously the ministry only offered a moratorium facility for three months ending this August.