SME Corp, MIDF launch SME revitalisation financing plan

Head of MIDF’s development finance division Azizi Mustafa said MIDF fully supports the government’s initiative to provide as much assistance as possible to those affected during these trying times.

KUALA LUMPUR: SME Corporation Malaysia and Malaysian Industrial Development Finance Bhd (MIDF) have launched the SME Revitalisation Financing (SMERF) scheme for small businesses severely impacted by the pandemic.

In a joint statement on Monday, they said the scheme targets SMEs facing financial difficulties and underserved sectors hit by the Covid-19 restrictions.