PETALING JAYA: Micro, small and medium enterprises (MSMEs) nationwide can now apply for a slice of Bank Negara’s RM5bil SME Stabilisation Relief Facility (SME SRF).
Entrepreneur Development and Cooperatives Minister Steven Sim said applications for this financing began on May 15 and the window will close either on Dec 31 or once the RM5bil fund is exhausted.
“The eligible MSMEs may apply for financing of up to RM750,000 at a maximum interest or profit rate of 3.75% per year.
“The facility will be channelled through 18 participating financial institutions, including Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat) and SME Bank under the ministry,” Sim said.
“The ministry calls on all participating financial institutions to expedite the application, approval and disbursement of financing under the programme through faster, more flexible and MSME-friendly procedures.
“This is to enable assistance to be channelled immediately to enterprises in need and affected by current economic uncertainties.
“We also hope financial institutions will continue to play their role as strategic partners to MSMEs by adopting a more inclusive and practical approach in assessing financing applications, especially involving micro-enterprises and small businesses,” he said.
Additionally, Sim noted that this programme under Bank Negara, together with an additional RM5bil in guarantees from the Business Financing Guarantee Company, cumulatively brings the total support for the MSME sector this year to RM60bil.
“This is an increase from the RM50bil announced in Budget 2026,” he added.
“This demonstrates the determination and efforts of the government to support Malaysia’s MSME sector to be more competitive despite facing the global energy supply crisis.
Applicants can find the list of participating financial institutions for this programme on Bank Negara’s website.
