THE government has allocated RM13.1bil to help SMEs counter the impact of the Covid-19 pandemic. The funds are being disbursed through the Special Relief Fund (SRF) and All Economic Sectors (AES) facility.
Under the SRF, each eligible SME can receive between RM20,000 and RM1mil with a tenure of 5.5 years and interest rate capped at 3.5% per annum. This includes a six-month payment moratorium.
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