Floods: Bank Negara announces RM200mil financing aid for affected MSMEs

KUALA LUMPUR: Bank Negara has announced the availability of RM200mil financing aid for micro and small and medium enterprises (MSMEs) affected by the recent floods under the Disaster Relief Facility 2022 (DRF 2022).

To be available from Dec 27 until full utilisation, the DRF 2022 will assist SMEs in covering the costs of repairs and/or replacement of assets for business use such as plants and machinery, which have been damaged by floods; and/or for working capital, said Bank Negara.