BNM to revamp its fund for SMEs deployment

Bank Negara Malaysia deputy governor Jessica Chew

KUALA LUMPUR: Bank Negara Malaysia (BNM) is set to revamp its Fund for Small and Medium Enterprises (SMEs) to better align it according to the latter’s needs, its Deputy Governor Datuk Jessica Chew said.

"We are redesigning how we construct and roll out our SME funds,” she said, citing that only one-third of its RM1.5 billion allocation for SME Automation and Digitalisation Facility (ADF) has been taken up so far.