Disaster Relief Facility for MSMEs raised to RM500mil

“Financing up to RM500,000 will be provided for SMEs while micro-entrepreneurs can borrow up to RM75,000. The financing period is up to five years, including a moratorium on repayment for six months,” Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.

KUALA LUMPUR: The Finance Ministry (MoF) has reiterated the increase in funding for the Disaster Relief Facility (DRF) 2022 by Bank Negara to RM500mil from RM200mil.

The financing facilities will be provided through commercial banks for micro, small and medium enterprises (MSMEs) to finance the replacement of equipment damaged by floods, as well as for working capital.