Budget 2021: Govt agrees to auto-approval process for moratorium on loans for B40, micro-SMEs (updated)


KUALA LUMPUR: The government has agreed to implement an auto-approval mechanism for the moratorium on loan repayments for those in the B40 group as well as micro and small-medium enterprises (SMEs).

This means that those in the B40 income group and micro SMEs do not need to submit any documents to be entitled to the three-month moratorium which will be implemented till December this year.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

VAT 69 commando death in training exercise being investigated, says IGP
EC begins distributing polling equipment for Kinabatangan, Lamag by-elections
Vote Warisan to strengthen central–east Sabah’s voice in Parliament, says Shafie
Base MHIT plan may offer medical coverage from RM50 a month
Locals protest suggestion to rename Jalan Pantai Bersih
MACC detains six company owners, freezes RM7.2mil in e-waste cases
Malaysia lost 47,250 football fields worth of its coral reefs in last three years
Police foil RM80.3mil drug haul destined for Australia
MCMC records statements of China Press editor-in-chief, online editor
Phase two of SSPA pay hike boosts morale, motivation of civil servants

Others Also Read